Question
a. Net income was $476,000. b. Issued common stock for $76,000 cash. c. Paid cash dividend of $15,000. d. Paid $120,000 cash to settle
a. Net income was $476,000. b. Issued common stock for $76,000 cash. c. Paid cash dividend of $15,000. d. Paid $120,000 cash to settle a long-term notes payable at its $120,000 maturity value. e. Paid $119,000 cash to acquire its treasury stock. f. Purchased equipment for $92,000 cash. Use the above information to determine cash flows from financing activities. Note: 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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Financial And Managerial Accounting
Authors: John J. Wild
9th Edition
1260728773, 9781260728774
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