S10-19. (Learning Objective 7: Measuring cash flows from financing activities) During 20X6, Dwayne Corporation earned net income

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S10-19. (Learning Objective 7: Measuring cash flows from financing activities) During 20X6, Dwayne Corporation earned net income of $5.8 billion and paid off $2.5 billion of long-term notes payable. Dwayne raised $1.2 billion by issuing ordinary shares, paid $3.6 billion to purchase treasury shares, and paid cash dividends of $1.6 billion. Report Dwayne’s cash flows from financing activities on the statement of cash flows for 20X6.

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Financial Accounting International Financial Reporting Standards Global Edition

ISBN: 9781292211145

11th Edition

Authors: Charles T. Horngren, C. William Thomas, Wendy M. Tietz, Themin Suwardy, Walter T. Harrison

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