During 2018, T Company engaged in the following activities:Distribution of cash dividends declared in 2017$ 48Fair value of shares issued in a stock dividend220Payment to retire bonds452Proceeds from the sale of treasury stock (cost: $52)60In T's statement of cash flows, what were net cash outflows fromfinancing activities for 2018?

Cash flow is the total amount of money being transferred in and out of a business which affects…

Answered: Payment to retire bonds 452 Proceeds…

Payment to retire bonds 452 Proceeds from the sale of treasury stock (cost: $52) 60 In T's statement of cash flows, what were net cash outflows from fınancing activities for 2018?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

During 2018, T Company engaged in the following activities:
Distribution of cash dividends declared in 2017
$ 48
Fair value of shares issued in a stock dividend
220
Payment to retire bonds
452
Proceeds from the sale of treasury stock (cost: $52)
60
In T's statement of cash flows, what were net cash outflows from
financing activities for 2018?

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