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.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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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.
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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