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Exercise 16-10 a. Net income was $473,000, b. Issued common stock for $77,000 cash. c. Paid cash dividend of $15,000. d. Paid $105,000 cash to
Exercise 16-10
a. Net income was $473,000, b. Issued common stock for $77,000 cash. c. Paid cash dividend of $15,000. d. Paid $105,000 cash to settle a long-term notes payable at its $105,000 maturity value. e. Paid $117,000 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.) Step by Step Solution
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