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Exercise 16-8 Cash flows from financing activities LO P3 a. Net income was $477,000. b. Issued common stock for $77,000 cash. c. Paid cash dividend
Exercise 16-8 Cash flows from financing activities LO P3
a. | Net income was $477,000. |
b. | Issued common stock for $77,000 cash. |
c. | Paid cash dividend of $14,000. |
d. | Paid $110,000 cash to settle a note payable at its $110,000 maturity value. |
e. | Paid $124,000 cash to acquire its treasury stock. |
f. | Purchased equipment for $90,000 cash. |
Use the above information to determine this company's cash flows from financing activities. (Amounts to be deducted should be indicated with a minus sign.) |
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