Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

answer whats in red plz a. Net income was $35,000 b. Issued common stock for $64,000 cash. c. Paid cash dividend of $14,600. d. Paid

answer whats in red plz
image text in transcribed
a. Net income was $35,000 b. Issued common stock for $64,000 cash. c. Paid cash dividend of $14,600. d. Paid $50,000 cash to settle a note payable at its $50,000 maturity value. e. Paid $12,000 cash to acquire its treasury stock f. Purchased equipment for $39,000 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 Cash received from issuance of common stock Paid cash dividend Repaid note payable Purchased treasury stock Bolo $ 64,000 (14600) (50,000) (12,000) SIS Net cash provided by financing activities X (12600

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

Step: 3

blur-text-image

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

The Changing Face Of American BankingDeregulation, Reregulation, And The Global Financial System

Authors: Ranajoy Ray Chaudhuri

3rd Edition

1137365811, 9781137365811

More Books

Students also viewed these Accounting questions

Question

Is marketing tobacco products to younger consumers unethical?

Answered: 1 week ago