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as: ucas Company recorded the following events for the year just ended: Retirement of preferred stock.. . $50,000 .....

as: ucas Company recorded the following events for the year just ended: Retirement of preferred stock.. . $50,000 .....

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Lucas Company

The net decrease in cash resulting from financing activities for the year was: Lucas Company recorded the following events for the year just ended: Retirement of preferred stock. .... $50,000 Sale of bonds issued by other companies . . . $75,000 Interest paid on notes payable . $35,000 Dividends paid to shareholders $90,000 Collection by Lucas of a loan made to a subsidiary .. $55,000 Payment of deferred taxes $45,000 35,000 85,000 O 140,000 O 45,000
Transcribed Image Text:The net decrease in cash resulting from financing activities for the year was: Lucas Company recorded the following events for the year just ended: Retirement of preferred stock. .... $50,000 Sale of bonds issued by other companies . . . $75,000 Interest paid on notes payable . $35,000 Dividends paid to shareholders $90,000 Collection by Lucas of a loan made to a subsidiary .. $55,000 Payment of deferred taxes $45,000 35,000 85,000 O 140,000 O 45,000
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