Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2 a. Net income was $479.000. b. Issued common stock for $71,000 cash. c. Paid cash dividend of $14,000. d. Pald $120,000 cash to settle

image text in transcribed
2 a. Net income was $479.000. b. Issued common stock for $71,000 cash. c. Paid cash dividend of $14,000. d. Pald $120,000 cash to settle a note payable at its $120,000 maturity value. e. Paid $119,000 cash to acquire its treasury stock f. Purchased equipment for $95.000 cash. 02:18:32 Use the above information to determine this company's cash flows from financing activities. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from financing activities Sale of common stock Paid cash dividend Repaid not payable Purchased treasury stock $ 71.000 (14000) (120,000) (119,000) $ (182000)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting For OHADA Member States Volume 1

Authors: Michael Forzeh Fossung

1st Edition

3330328037, 978-3330328037

More Books

Students also viewed these Accounting questions

Question

Explain how to choose a career path based on a persons education.

Answered: 1 week ago

Question

Classify delivery styles by type.

Answered: 1 week ago