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a. Net income was $470,000. b. Issued common stock for $74,000 cash. c. Paid cash dividend of $16,000. d. Paid $115,000 cash to settle a
a. Net income was $470,000. b. Issued common stock for $74,000 cash. c. Paid cash dividend of $16,000. d. Paid $115,000 cash to settle a note payable at its $115,000 maturity value. e. Paid $119,000 cash to acquire its treasury stock. f. Purchased equipment for $93,000 cash. 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 Paid cash dividend Purchased treasury stock Repaid note payable Sale of common stock
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