Reference no: EM131739817
Question: Tidwell Company experienced the following during 2015:
A. Sold preferred stock for $485,000.
B. Declared dividends of $142,000 payable on March 1, 2016.
C. Borrowed $572,000 from bank on a 2-year note.
D. Purchased $80,500 of its own common stock to hold as treasury stock.
E. Repaid 5-year bonds issued in 2010 for $397,000 due in December.
Required: Prepare the net cash from financing activities section of the statement of cash flows.
Refer to the list below for the exact wording of an amount description within your Statement of Cash Flows.
- Amount Descriptions
- Borrowed from bank
- Issued bonds
- Payment of dividends
- Purchased treasury stock
- Repaid bank loan
- Retired bonds
- Sold preferred stock
- Sold treasury stock
- Net cash from financing activities
- Net cash from investing activities