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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

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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1401-42

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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
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
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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