.® Take Test. Ch 14 Quiz SC × | Q ACCT 5110 Quizzes Flashcai | + KO https://bpro

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.® Take Test. Ch 14 Quiz SC × | Q ACCT 5110 Quizzes Flashcai | + KO https://bprod hvccedu/webapps/assessment/take/launc QUESTION 3 2.00000 poir Ahern Company recorded the following events for the year just ended: Retirement of preferred stock $100,000 Sale of bonds issued by her150,000 mpanies Interest paid on notes payable Dividends paid to shareholders 70,000 180, Collection of a loan made to a 110,000 subsidiary Payment of deferred taxes 90,000 The net decrease in cash resulting from financing activities for the year was: O $70,000. O $90,000. O $190,000 O $280,000. QUESTION 4 2.00000 points Reynoldsburg Company recorded the following activity for the year just ended: $6000 120.00 Proceeds from sale of plant s8o0 idends received from nvestments Common stock issued 400,00

Explanation / Answer

3) D. $280,000

Retirement of preferred stock ($100,000) Dividends paid to shareholders ($180,000) Net cash provided by financing activities $(280,000)

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