During the year Company X recorded the transactions listed below. What amount would the company...
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Accounting
During the year Company X recorded the transactions listed below. What amount would the company include in the financing section of the statement of cash flow?
Cash to retire bonds
$ 70,800
Proceeds from bond issuance
101,520
Cash for interest on bonds
8,760
Proceeds from sale of common stock of Company X
241,200
Proceeds from sale of common stock of Company Z
110,640
Cash to purchase common stock of Company X
97,800
Cash to purchase common stock of Company Y
122,040
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To determine the amount that Company X would include in the financing section of the statement of cash flows we need to identify which transactions relate to financing activities Financing activities typically involve transactions that affect the companys equity and debt such as issuing or repaying debt and equity Lets analyze the transactions one by one 1 Cash to retire bonds 70800 This is a cash outflow related to the repayment of debt bonds so it will be included as a negative amount
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