Solution-Amount of net cash used in financing activities

Amount of net cash used in financing activities

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Reference no: EM13969919

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

$2,176,000.
$2,548,000.
$2,536,000.
$1,990,000.

Reference no: EM13969919

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Amount of net cash used in financing activities

Reference no: EM13969919

Reference no: EM13969919

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