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Original blog posting (December 6, 2013)

How is the redemption of preferred stock reported on the statement of cash flows for Seacoast Banking Corporation of Florida?. Original blog posting (December 6, 2013). Seacoast National Bank issues notice to redeem Preferred Stock.

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Original blog posting (December 6, 2013)

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  1. How is the redemption of preferred stock reported on the statement of cash flows for Seacoast Banking Corporation of Florida? Original blog posting (December 6, 2013)

  2. Seacoast National Bank issues notice to redeem Preferred Stock • 2,000 shares of Fixed Rate Cumulative Perpetual Preferred Stock, Series A for an aggregate price of $50,000,000, the face liquidation amount of the shares, plus approximately $386,000 of accrued but unpaid dividends

  3. Question 1 How will the redemption of the preferred stock be classified on Seacoast’s statement of cash flows (operating, investing, or financing activity)?

  4. Question 2 Will the redemption be a “cash provided by” activity or a “cash used by” activity for Seacoast?

  5. Question Recap • How will the redemption of the preferred stock be classified on Seacoast’s statement of cash flows (operating, investing, or financing activity)? • Will the redemption be a “cash provided by” activity or a “cash used by” activity for Seacoast?

  6. For additional news stories to use in the accounting classroom, see the Accounting in the Headlines blog at http://accountingintheheadlines.com/Related video resources can be found at http://www.youtube.com/user/accountingheadlinesQuestions or comments? Contact Dr. Wendy Tietz at wtietz@kent.edu

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