Solution-Corresponding balances were drawn from cushing

Corresponding balances were drawn from cushing company

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Reference no: EM13917902

The following accounts and corresponding balances were drawn from Cushing Company's 2014 and 2013 year end balance sheets:

2133_264-B-M-A-S-C-F (2032) (1).png

Other information drawn from the accounting records:

1. Dividends paid during the period amounted to $50,000.

2. There were no bond liabilities repaid during the period.

Required:

a. Compute the amount of cash flow associated with the issue of bond liabilities.

b. Compute the amount of cash flow associated with the issue of common stock.

c. Prepare the financing activities section of the statement of cash flows.

Reference no: EM13917902

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Corresponding balances were drawn from cushing company

Reference no: EM13917902

Reference no: EM13917902

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