Homework Answers
Answer to Requirement a.
Bonds Payable, Year 2 = Bonds Payable, Year 1 - Bonds Repaid
$215,300 = $301,700 - Bonds Repaid
Bonds Repaid = $86,400
Answer to Requirement b.
Common Stock, Year 2 = Common Stock, Year 1 + Common Stock issued
$376,900 = $277,400 + Common Stock issued
Common Stock Issued = $99,500
Answer to Requirement c.
DEXTER COMPANY
Statement of Cash Flows (Financing Activities)
for the year ended December 31, Year 2
| Cash Flow from Financing Activities | |
| Repayment of Bonds | -86,400 |
| Issuance of Common Stock | 99,500 |
| Payment of Dividends | -31,000 |
|
Net Cash used in Financing Activities |
-17,900 |
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