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please answer and explain a. Net income was $467,000. b. Issued common stock for $71,000 cash. c. Paid cash dividend of $11,000. d. Paid $125,000
please answer and explain
a. Net income was $467,000. b. Issued common stock for $71,000 cash. c. Paid cash dividend of $11,000. d. Paid $125,000 cash to settle a note payable at its $125,000 maturity value. e. Paid $122,000 cash to acquire its treasury stock f. Purchased equipment for $93,000 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.) Cash flows from financing activitiesStep by Step Solution
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