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During 2015 stout inc had the following activities related

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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

$2,176,000.00

$2,548,000.00

$2,536,000.00

$1,990,000.00

Reference no: EM131018316

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