Tidwell Company experienced the following during 20X1: Refer to the list below for the exact wording of an amount description within your Statement of Cash Flows. A. Sold preferred stock for $482,000. Amount Descriptions Labels B. Declared dividends of $150,000 payable on March 1, 20X2. Borrowed from bank Cash flows from financing activities C. Borrowed $577,000 from a bank on a 2-year note. Issued bonds Cash flows from investing activities D. Purchased $76,000 of its own common stock to hold as treasury stock Payment of dividends E. Repaid 5-year bonds issued for $392,000 that mature and are due in December. Purchased treasury stock Repaid bank loan Required: Retired bonds Prepare the net cash from financing activities section of the statement of cash flows. Sold preferred stock Sold treasury stock
Tidwell Company experienced the following during 20X1: Refer to the list below for the exact wording of an amount description within your Statement of Cash Flows. A. Sold preferred stock for $482,000. Amount Descriptions Labels B. Declared dividends of $150,000 payable on March 1, 20X2. Borrowed from bank Cash flows from financing activities C. Borrowed $577,000 from a bank on a 2-year note. Issued bonds Cash flows from investing activities D. Purchased $76,000 of its own common stock to hold as treasury stock Payment of dividends E. Repaid 5-year bonds issued for $392,000 that mature and are due in December. Purchased treasury stock Repaid bank loan Required: Retired bonds Prepare the net cash from financing activities section of the statement of cash flows. Sold preferred stock Sold treasury stock
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 18E
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Question
1401-42
Please make sure to use the account names from the attachement
![Instructions
Amount Descriptions and Labels
Tidwell Company experienced the following during 20X1:
Refer to the list below for the exact wording of an amount description within your Statement of Cash Flows.
A. Sold preferred stock for $482,000.
Amount Descriptions
Labels
B. Declared dividends of $150,000 payable on March 1, 20X2.
Borrowed from bank
Cash flows from financing activities
C. Borrowed $577,000 from a bank on a 2-year note.
Issued bonds
Cash flows from investing activities
D. Purchased $76,000 of its own common stock to hold as treasury stock.
Payment of dividends
E. Repaid 5-year bonds issued for $392,000 that mature and are due in December.
Purchased treasury stock
Repaid bank loan
Required:
Retired bonds
Prepare the net cash from financing activities section of the statement of cash flows.
Sold preferred stock
Sold treasury stock
Net cash from financing activities](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F33a68edd-76e8-45d0-b535-2e97d1558422%2Ffa0c55ca-330e-49ad-8327-525bb3238492%2Flh20oyj_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Instructions
Amount Descriptions and Labels
Tidwell Company experienced the following during 20X1:
Refer to the list below for the exact wording of an amount description within your Statement of Cash Flows.
A. Sold preferred stock for $482,000.
Amount Descriptions
Labels
B. Declared dividends of $150,000 payable on March 1, 20X2.
Borrowed from bank
Cash flows from financing activities
C. Borrowed $577,000 from a bank on a 2-year note.
Issued bonds
Cash flows from investing activities
D. Purchased $76,000 of its own common stock to hold as treasury stock.
Payment of dividends
E. Repaid 5-year bonds issued for $392,000 that mature and are due in December.
Purchased treasury stock
Repaid bank loan
Required:
Retired bonds
Prepare the net cash from financing activities section of the statement of cash flows.
Sold preferred stock
Sold treasury stock
Net cash from financing activities
![Statement of Cash Flows (Partial)
Prepare the net cash from financing activities section of the statement of cash flows. (Note: Use a minus sign to indicate any decreases in cash or cash outfiows. Refer to the Amount Descriptions list provided for the exact
wording of the answer choices for text entries.)
Tidwell Company
Statement of Cash Flows (Partial)
Year Ending December 31, 20X1
1 (Label)
4](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F33a68edd-76e8-45d0-b535-2e97d1558422%2Ffa0c55ca-330e-49ad-8327-525bb3238492%2Ffii9mz_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Statement of Cash Flows (Partial)
Prepare the net cash from financing activities section of the statement of cash flows. (Note: Use a minus sign to indicate any decreases in cash or cash outfiows. Refer to the Amount Descriptions list provided for the exact
wording of the answer choices for text entries.)
Tidwell Company
Statement of Cash Flows (Partial)
Year Ending December 31, 20X1
1 (Label)
4
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