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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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