Consider the following events: 25,000 shares of...
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Accounting
Consider the following events:
| 25,000 shares of preferred stock, cumulative, 5%, $20 par was issued for $30 a share. | |
| The annual cash dividend was declared and paid to the above preferred stock. | |
| The company purchased 12,000 shares of common stock at $34 per share to be held as Treasury stock. | |
| Interest of $16,000 was paid to bondholders. | |
| Bonds Payable with a par value of $200,000 were retired at $216,000. |
Compute the net cash flow from financing activities (parentheses indicate an outflow).
| a | $ 126,000 |
| b | $(143,000) |
| c | $ 317,000 |
| d | $ 101,000 |
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