Maurice Tutor

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Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 13 Aug 2017 My Price 4.00

Stout Inc.

During 2013, Stout Inc. had the following activities related to its financial operations: Carrying value of convertible preferred stock in Stout, converted into common shares of Stout $360,000 payment in 2013 of cash dividend declared in 2012 to preferred shareholders $186,000 payment for the early retirement of long-term bonds payable (carrying amount $2,420,000) $2,450,000. Proceeds from the sale of treasury stock (on books at cost of $258,000) $300,000 The amount of net cash used in financing activities to appear in Stout's statement of cash flows for 2013 should be how much

Answers

(5)
Status NEW Posted 13 Aug 2017 09:08 AM My Price 4.00

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