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Net income was $479,000. Issued common stock for $75,000 cash. Paid cash dividend of $16,000. Paid $110,000 cash to settle a note payable at its
- Net income was $479,000.
- Issued common stock for $75,000 cash.
- Paid cash dividend of $16,000.
- Paid $110,000 cash to settle a note payable at its $110,000 maturity value.
- Paid $118,000 cash to acquire its treasury stock.
- Purchased equipment for $89,000 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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