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Exercise 12-8 Cash flows from financing activities LO P3 a. Net income was $465,000. b. Issued common stock for $79,000 cash. c. Paid cash dividend

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Exercise 12-8 Cash flows from financing activities LO P3 a. Net income was $465,000. b. Issued common stock for $79,000 cash. c. Paid cash dividend of $12,000. d. Paid $125,000 cash to settle a note payable at its $125.000 maturity value. e. Paid $119,000 cash to acquire its treasury stock f. Purchased equipment for $93,000 cash. Use the above information to determine this company's cash flows from financing activities. (Amounts to be de indicated with a minus sign.) Cash flows from financing activities $ (12.000) (125,000) Paid cash dividend Repaid note payable Purchased treasury stock Net cash used in financing activities Pres.. 1 of 1 : Next

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