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During 2015, Stout Inc. had the following activities related to its financial operations: Carrying value of convertible preferred stock in Stout, converted into common shares of Stout $ 360,000 Payment in 2015 of cash dividend declared in 2014 to preferred shareholders 186,000 Payment for the early retirement of long-term bonds payable (carrying amount $2,620,000) 2,650,000 Proceeds from the sale of treasury stock (on books at cost of $258,000) 300,000 The amount of net cash used in financing activities to appear in Stout's statement of cash flows for 2015 should be
The following selected amounts are available for Sanders Company. What is its ending retained earnings balance?
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When calculating debt to equity ratio: A) Convertible bonds should be treated as debt B) Convertible bonds should be excluded from debt but not included in equity
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