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examchap13 - Folk Exam Questions - Chapter 13 1. Nevins...

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Folk Exam Questions - Chapter 13 1. Nevins Company recorded the following events for the year just ended: Retirement of preferred stock $150,000 Sale of bonds issued by other companies 225,000 Interest paid on notes payable 105,000 Dividends paid to shareholders 270,000 Collection by Lucas of a loan made to a subsidiary 165,000 Payment of deferred taxes 135,000 What was the net decrease in cash resulting from financing activities for the year? Solution: Inflow (Outflow) Retirement of preferred stock $ (150,000) Dividends paid to shareholders (270,000) Net cash provided by financing activities $(420,000) 2. Nevins Company recorded the following events for the year just ended: Retirement of preferred stock $150,000 Sale of bonds issued by other companies 225,000 Interest paid on notes payable 105,000 Dividends paid to shareholders 270,000 Collection by Lucas of a loan made to a subsidiary 165,000 Payment of deferred taxes 135,000 What was the net change in cash resulting from investing activities for the year? Solution:
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examchap13 - Folk Exam Questions - Chapter 13 1. Nevins...

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