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Exercise 1 6 - 1 0 Cash flows from financing activities P 3 Use the following information to determine cash flows from financing activities. a

Exercise 16-10 Cash flows from financing activities P3
Use the following information to determine cash flows from financing activities.
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 long-term notes payable at its $50,000 maturity value.
e. Paid $12,000 cash to acquire its treasury stock.
f. Purchased equipment for $39,000 cash.
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