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need to show work Exerclse 12-10 (Algo) Cash flows from flnancing actlvities LO P3 a. Net income was $477,000. b. Issued common stock for $80,000
need to show work
Exerclse 12-10 (Algo) Cash flows from flnancing actlvities LO P3 a. Net income was $477,000. b. Issued common stock for $80,000 cash. c. Pald cash dividend of $18,000. d. Pald $100,000 cash to settle a long-term notes payable at its $100,000 maturity value. e. Pald $123,000 cash to acquire its treasury stock. f. Purchased equipment for $86,000cash. Use the above information to determine cash flows from financing activitles. (Amounts to be deducted should be indicated with a minus sign.)Step by Step Solution
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