The following accounts and corresponding balances were drawn from Dexter Companys Year 2 and Year...

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Accounting

The following accounts and corresponding balances were drawn from Dexter Companys Year 2 and Year 1 year-end balance sheets.

Account Title

Year 2

Year 1

Bonds payable

$217,100

$301,600

Common stock

370,300

275,500

Other information drawn from the accounting records:

  1. Dividends paid during the period amounted to $35,400.
  2. There were no bond liabilities issued during the period.

Required a. Compute the amount of cash flow associated with the repayment of bond liabilities. b. Compute the amount of cash flow associated with the issue of common stock. c. Prepare the financing activities section of the statement of cash flows.

Outline a: image
Outline b:
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Outline c:
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The following accounts and corresponding balances were drawn from Dexter Company's Year 2 and Year 1 year-end balance sheets. Other information drawn from the accounting records: 1. Dividends paid during the period amounted to $35,400. 2. There were no bond liablities issued during the period. Required a. Compute the amount of cash flow associated with the repayment of bond liabilities. b. Compute the amount of cash flow associated with the issue of common stock. c. Prepare the financing activities section of the statement of cash flows. Complete this question by entering your answers in the tabs below. Compute the amount of cash flow associated with the repayment of bond liabilities. Other information drawn from the accounting records: 1. Dividends paid during the period amounted to $35,400. 2. There were no bond liabilities issued during the period. Required a. Compute the amount of cash flow associated with the repayment of bond liabilities. b. Compute the amount of cash flow associated with the issue of common stock. c. Prepare the financing activities section of the statement of cash flows. Complete this question by entering your answers in the tabs below. Compute the amount of cash flow associated with the issue of common stock. Complete this question by entering your answers in the tabs below. Prepare the financing activities section of the statement of cash flows. (Cash outflows should be indicated with a minus sign.)

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