Question
Cash flows from financing activities a. Net income was $477,000. b. Issued common shares for $77,000 in cash. C. He paid a cash dividend of
Cash flows from financing activities
a. | Net income was $477,000. |
b. | Issued common shares for $77,000 in cash. |
C. | He paid a cash dividend of $14,000. |
d. | You paid $110,000 in cash to settle a note payable at its maturity value of $110,000. |
e. | He paid $124,000 in cash to purchase his own shares. |
F. | Equipment purchased for $90,000 cash. |
Use the above information to determine the cash flows from the financing activities of this company.
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
9th Canadian Edition, Volume 2
470964731, 978-0470964736, 978-0470161012
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