Chapter 24 question 3 The following transactions occurred at the Indiana Company

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Chapter 24 question 3

The following transactions occurred at the Indiana Company in 2013 Holders of $100,000 par-value 7 percent bonds surrendered the bonds for redemption and wore paid $106,000 in cash The unamortized discount on these bonds as of the date of redemption was $1,000 Cash interest of $32,700 was paid on bonds during the year The bond discount amortized was $300 Cash dividends of $40,000 were paid on common stock during the year. Compute the company's net cash flow from financing activities for the year

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Chapter 24 question 3 The following transactions occurred at the Indiana Company

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