Cash flow from/used in financing activities was:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![XYZ Corp. reported the following activity and balance sheet data for fiscal 2019:
• The company declared cash dividends of $90.
• The company issued bonds to raise cash in order to redeem bonds with a face value of $300 and to raise additional capital for expansion.
• The company raised cash by issuing 50 shares of stock.
• The company purchased treasury shares at a cost of $90.
• Fiscal 2019 net income was $220.
Dividends Payable
Bonds Payable
Common Stock, $1
Paid In Capital
Retained Earnings
Treasury Stock
12/31/19
30
1,700
550
1,770
1,670
140
1/1/19
20
1,500
500
1,350
1,540
50
Cash flow from/used in financing activities was:
Enter a positive number for a cash inflow or a negative number for a cash outflow.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fac06c900-dc52-42b8-b0c3-6a4d7bd22308%2F06d340e8-7da0-4b28-94ac-e7877987a2fa%2Fceri4bm_processed.png&w=3840&q=75)
Transcribed Image Text:XYZ Corp. reported the following activity and balance sheet data for fiscal 2019:
• The company declared cash dividends of $90.
• The company issued bonds to raise cash in order to redeem bonds with a face value of $300 and to raise additional capital for expansion.
• The company raised cash by issuing 50 shares of stock.
• The company purchased treasury shares at a cost of $90.
• Fiscal 2019 net income was $220.
Dividends Payable
Bonds Payable
Common Stock, $1
Paid In Capital
Retained Earnings
Treasury Stock
12/31/19
30
1,700
550
1,770
1,670
140
1/1/19
20
1,500
500
1,350
1,540
50
Cash flow from/used in financing activities was:
Enter a positive number for a cash inflow or a negative number for a cash outflow.
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