Business, 27.02.2020 20:27 NailahWalker4740

During Year 1, Brianna Company had the following transactions related to its financial operations:
Payment for the retirement of long-term bonds payable $750,000
Distribution in Year 1 of cash dividend declared in Year 0 to preferred shareholders 62,000
Carrying value of convertible preferred stock of Brianna converted into common shares 120,000
Proceeds from sale of treasury stock 95,000

On its Year 1 statement of cash flows, net cash used in financing activities should be:
a. $717,000
b. $716,000
c. $597,000
d. $535,000

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During Year 1, Brianna Company had the following transactions related to its financial operations:

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