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pwed $600,000 from Marshall Bank ared and paid dividends on common stock of $28 e a $78,000 annual principal payment on a 10-ye hased 10,000 shares of Carter Hopkins Homes

pwed $600,000 from Marshall Bank ared and paid dividends on common stock of $28 e a $78,000 annual principal payment on a 10-ye hased 10,000 shares of Carter Hopkins Homes

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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Carter Hopkins Homes engaged in the following activities during the year: • Borrowed $600,000 from Marshall Bank • Declared and paid dividends on common stock of $28,000 • Made a S78,000 annual principal payment on a 10-year loan from Cardinal National Bank • Purchased 10,000 shares of Carter Hopkins Homes stock for $200,000 Prepare the cash flows provided by financing activities section of Carter Hopkins Homes' statement of cash flows. (Show amounts that decrease cash flow with either a - sign, e.g. -15,000 or in parentheses, e.g. (15,000).) Cash flows from financing activities 24 Net cash by financing activities %24
Transcribed Image Text:Carter Hopkins Homes engaged in the following activities during the year: • Borrowed $600,000 from Marshall Bank • Declared and paid dividends on common stock of $28,000 • Made a S78,000 annual principal payment on a 10-year loan from Cardinal National Bank • Purchased 10,000 shares of Carter Hopkins Homes stock for $200,000 Prepare the cash flows provided by financing activities section of Carter Hopkins Homes' statement of cash flows. (Show amounts that decrease cash flow with either a - sign, e.g. -15,000 or in parentheses, e.g. (15,000).) Cash flows from financing activities 24 Net cash by financing activities %24
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