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Exercise 12-8 Cash flows from financing activities LO P3 a. Net Income was $471,000. b. Issued common stock for $73,000 cash. c Pald cash dividend
Exercise 12-8 Cash flows from financing activities LO P3 a. Net Income was $471,000. b. Issued common stock for $73,000 cash. c Pald cash dividend of $18,000. d. Pald $110,000 cash to settle a note payable at Its $110,000 maturity value. e. Pald $116,000 cash to acquire its treasury stock. f. Purchased equipment for $85,000 cash. Use the above Information to determine this company's ah flows from financing activitles. (Amounts to be deducted should be Indiceted with e minus sign) Cash flows from financing activities Paid cash dividend S(18,000) Repaid note payable (110,000) Purchased treasury stock (116,000) Sale of common stock 73.000 (171.000)
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