A company's activities for the year ended December 31, 2021 included the following: • Declared and issued a stock dividend valued at $50,000.
• Paid $975,000 to repurchase bonds at amortized cost. The book value of the bonds was $1,000,000.
• Made a $20,000 principal payment on a bank loan.
How much will be presented as cash flow from financing activities?
A) $955,000
B) -$975,000
C) $980,000
D) -$995,000
Correct Answer:
Verified
Q43: Hoboken's activities for the year ended December
Q44: The Company's activities for the year ended
Q45: Select transactions of SimBis Accounting Inc. (SAI)are
Q46: Sherya Inc.'s policy is to report all
Q47: The opening balance in the land account
Q49: The opening balance in the computer account
Q50: Explain how the following transactions should be
Q51: Select transactions of Irene Accounting Inc. (IAI)are
Q52: A company's activities for the year ended
Q53: The activities for the year ended December
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents