On year 2012, Prem Company has the ff financial operation information: Payment for the early retirement of bonds payable (carrying amount, USD15,600,000) USD 15, 700, 000 Distribution of cash dividend for 2012 to preferred shareholders (declared in 2011) 800,000 Proceeds from reissuance of treasury shares (cost of USD 930, 000) 1, 050, 000 How much should be reported as net cash used in financing operations in the 2012 statement of cash flows?

On year 2012, Prem Company has the ff financial operation information: Payment for the early retirement of bonds payable (carrying amount, USD15,600,000) USD 15, 700, 000 Distribution of cash dividend for 2012 to preferred shareholders (declared in 2011) 800,000 Proceeds from reissuance of treasury shares (cost of USD 930, 000) 1, 050, 000 How much should be reported as net cash used in financing operations in the 2012 statement of cash flows?

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter15: Statement Of Cash Flows

Section: Chapter Questions

Problem 7DQ

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Payment for the early retirement of bonds payable (carrying amount, USD15,600,000)	USD 15, 700, 000
Distribution of cash dividend for 2012 to preferred shareholders (declared in 2011)	800,000
Proceeds from reissuance of treasury shares (cost of USD 930, 000)	1, 050, 000