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Net income was $468,000. Issued common stock for $76,000 cash. Paid cash dividend of $10,000. Paid $130,000 cash to settle a long-term notes payable at
Net income was $468,000.
Issued common stock for $76,000 cash.
Paid cash dividend of $10,000.
Paid $130,000 cash to settle a long-term notes payable at its $130,000 maturity value.
Paid $123,000 cash to acquire its treasury stock.
Purchased equipment for $94,000 cash.
Use the above information to determine cash flows from financing activities. (Amounts to be deducted should be indicated with a minus sign.)
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