(Answered) Question - the following accounts and corresponding

Accounting

Question - The following accounts and corresponding balances were drawn from Berry Company's 2012 and 2011 year-end balance sheets.

Account Title 2012 2011

Bonds payable $ 210,000 $ 300,000

Common stock 370,000 275,000

Other information drawn from the accounting records:

1. Dividends paid during the period amounted to $30,000.

2. There were no bond liabilities issued during the period.

(a) Compute the amount of cash flow associated with the repayment of bond liabilities.

(b) Compute the amount of cash flow associated with the issue of common stock.

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