During 2008 bonzi refinanced its long term debt it spent

Reference no: EM13601058

During 2008 Bonzi refinanced its long term debt. It spent $160,000 to retire long term debt in two years and issued a $200,000 of 15 year bonds at par. It then bought and retired common shares for cash of $35,000. Interest expense for 2008 was $23,000, of which it paid $21,000 in cash; the other $2000 was still payable at the end of the year. Dividends declared and paid during the year were $11,000.
Prepare a statement of cash flows from financing activities.

Financial accounting - Investing activities :Mercedes issued common stock for $320,000 on the first day of 2005. It bought fixed-assets for $160,000 and inventory for $65,000. Late in the year, it sold fixed assets for their book value of $ 20,000. It sold one-half the inventory for $55,000 during the year. On December 15, the company used excess cash of $60,000 to purchase common stock of BMW company which Mercedes regarded as a long-term investment.Prepare a statement of cash flows from investing activities for mercedes.

Reference no: EM13601058

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