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Exercise 12-9 Cash flows from financing activities LO P3 a. Net Income was $477,000. b. Issued common stock for $76,000 cash. c. Paid cash dividend

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Exercise 12-9 Cash flows from financing activities LO P3 a. Net Income was $477,000. b. Issued common stock for $76,000 cash. c. Paid cash dividend of $12,000. d. Paid $120,000 cash to settle a note payable at its $120,000 maturity value. e. Pald $121,000 cash to acquire its treasury stock. f. Purchased equipment for $87,000 cash Use the above information to determine cash flows from financing activities. (Amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flown (partial) Cash flows from financing activities 0

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