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Exercise 1 2 - 1 0 ( Algo ) Cash flows from financing activities LO P 3 a . Net income was $ 4 7

Exercise 12-10(Algo) Cash flows from financing activities LO P3
a. Net income was $476,000.
b. Issued common stock for $72,000 cash.
c. Paid cash dividend of $11,000.
d. Paid $105,000 cash to settle a long-term notes payable at its $105,000 maturity value.
e. Paid $123,000 cash to acquire its treasury stock.
f. Purchased equipment for $87,000 cash.
Use the above information to determine cash flows from financing activities.
Note: Amounts to be deducted should be indicated with a minus sign.Exercise 12-10(Algo) Cash flows from financing activities LO P3
Net income was $476,000.
Issued common stock for $72,000 cash.
Paid cash dividend of $11,000.
Paid $105,000 cash to settle a long-term notes payable at its $105,000 maturity value.
Paid $123,000 cash to acquire its treasury stock.
Purchased equipment for $87,000 cash.
Use the above information to determine cash flows from financing activities.
Note: Amounts to be deducted should be indicated with a minus sign.
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