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Compute the net cash flow from financing activities

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Reference no: EM132530207

Consider the following events:

  1. 25,000 shares of preferred stock, cumulative, 5%, $30 par was issued for $45 a share.
  2. The annual cash dividend was declared and paid to the above preferred stock.
  3. The company purchased 12,000 shares of common stock at $51 per share to be held as Treasury stock.
  4. Interest of $24,000 was paid to bondholders.
  5. Bonds Payable with a par value of $300,000 were retired at $324,000.

Question 1: Compute the net cash flow from financing activities (parentheses indicate an outflow).

Reference no: EM132530207

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