Question
Calculate Cash Flows from Financing Activities The following transactions occurred during the year: Common stock was issued in exchange for a new heavy truck. A
Calculate Cash Flows from Financing Activities The following transactions occurred during the year:
Common stock was issued in exchange for a new heavy truck. A cash dividend of $18,800 was paid.
A 90-day note payable was issued for $6,000 cash.
$25,000 was paid to acquire the company's own common stock.
Depreciation expense for the year was $30,000. Bonds with a face value of $25,000 were issued at par.
Required: Use this information to compute cash flows from financing activities. Use a negative number (for example, -1,000) to indicate a cash outflow.
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