a Net Income was $470,000 b Issued common stock for $80,000 cash c Pald cash dividend of $17,000 d Pald $110,000 cash to settle a note payable at its $110,000 maturity value e Paid $121,000 cash to acquire its treasury stock f Purchased equipment for $92,000 cash Use the above information to determine cash flows from financing activities (Amounts to be deducted should be indicated with a minus sign ) Statement of Cash Flows (partial) Cash flows from financing activities $ 0

Question

a  Net Income was $470,000  b  Issued common stock for $80,000 cash  c  Pald cash dividend of $17,000  d  Pald $110,000 cash to settle a note payable at its $110,000 maturity value  e  Paid $121,000 cash to acquire its treasury stock  f  Purchased equipment for $92,000 cash  Use the above information to determine cash flows from financing activities  (Amounts to be deducted should be indicated with a minus sign ) Statement of Cash Flows (partial) Cash flows from financing activities $ 0

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Question

a. Net Income was $470,000. b. Issued common stock for $80,000 cash. c. Pald cash dividend of $17,000. d. Pald $110,000 cash to settle a

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