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Exercise 12-10 (Algo) Cash flows from financing activities LO P3 a. Net income was $476,000. b. Issued common stock for $71,000 cash. c. Paid cash
Exercise 12-10 (Algo) Cash flows from financing activities LO P3 a. Net income was $476,000. b. Issued common stock for $71,000 cash. c. Paid cash dividend of $10,000. d. Paid $125,000 cash to settle a long-term notes payable at its $125,000 maturity value. e. Paid $122,000 cash to acquire its treasury stock. f. Purchased equipment for $92,000 cash. Use the above information to determine cash flows from financing activities. (Amounts to be deducted should be indicated with a minus sign.)
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