Exercise 12-9 Cash flows from financing activities LO P3

Exercise 12-9 Cash flows from financing activities LO P3 a. Net income was $480,000 b. Issued common stock for $76,000 cash c. Paid cash dividend of $18,000. d. Pald $120,000 cash to settle a note payable at its $120,000 maturity value. e. Paid $118,000 cash to acquire its treasury stock f. Purchased equipment for $88,000 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 Flows (partial) Cash flows from financing activities