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a. Net income was $467,000. b. Issued common stock for $71,000 cash. c. Paid cash dividend of $16,000 d. Pald $105,000 cash to settle a
a. Net income was $467,000. b. Issued common stock for $71,000 cash. c. Paid cash dividend of $16,000 d. Pald $105,000 cash to settle a long-term notes payable at its $105,000 maturity value. e. Pald $119,000 cash to acquire its treasury stock. 1. Purchased equipment for $90,000 cash. Use the above information to determine cash flows from financing activities. Note: Amounts to be deducted should be Indlcated with a minus sign. Case A: Compute cash interest received Interest revenue Interest receivable, beginning of year Interest receivable, end of year Case B: Compute cash paid for wages $6,100 Wages expense 820 Wages payable, beginning of year 2,250 Wages payable, end of year $11,200 4,400 3,200 For each separate case, compute the required cash flow Information for BloClean
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