During the year Company A had the transactions listed below. What amount would t
ID: 2602830 • Letter: D
Question
During the year Company A had the transactions listed below. What amount would the company include in the financing section of the statement of cash flow?
Cash to retire bonds
$4,200
Proceeds from bond issuance
8,040
Proceeds from sale of common stock
6,240
Cash to purchase common stock of Company A
2,400
Cash to purchase common stock of Company B
1,080
Cash to retire bonds
$4,200
Proceeds from bond issuance
8,040
Proceeds from sale of common stock
6,240
Cash to purchase common stock of Company A
2,400
Cash to purchase common stock of Company B
1,080
Explanation / Answer
Cash flow frpm financing activities
Cash to retire bonds (4,200)
Proceeds from bond issuance 8,040
Proceeds from sale of common stock of company X 6,240
Cash to purchase common stock of company X (2,400)
Cash flow from financing activities is 7,680 positive
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