Question
Net income was $469,000. Issued common stock for $77,000 cash. Paid cash dividend of $14,000. Paid $110,000 cash to settle a long-term notes payable at
- Net income was $469,000.
- Issued common stock for $77,000 cash.
- Paid cash dividend of $14,000.
- Paid $110,000 cash to settle a long-term notes payable at its $110,000 maturity value.
- Paid $117,000 cash to acquire its treasury stock.
- Purchased equipment for $92,000 cash.
Use the above information to determine cash flows from financing activities. (Amounts to be deducted should be indicated with a minus sign.)
- Net income was $469,000.
- Issued common stock for $77,000 cash.
- Paid cash dividend of $14,000.
- Paid $110,000 cash to settle a long-term notes payable at its $110,000 maturity value.
- Paid $117,000 cash to acquire its treasury stock.
- Purchased equipment for $92,000 cash.
Use the above information to determine cash flows from financing activities. (Amounts to be deducted should be indicated with a minus sign.)
Statement of Cash Flows (partial)
Cash flows from financing activities:
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
6th edition
978-0077328894, 71313974, 9780077395810, 77328892, 9780071313971, 77395816, 978-0077400163
