Question
The following information is related to Alpha Company's fiscal year 2017. Income Statement: Net Income $3,000,000 Depreciation Expense 500,000 Gain on Sale of Plant Assets
The following information is related to Alpha Company's fiscal year 2017.
Income Statement:
Net Income $3,000,000
Depreciation Expense 500,000
Gain on Sale of Plant Assets 50,000
Interest Expense 5,000
Balance Sheet - 12/31/17: Increase (Decrease)
Accounts Payable ($40,000)
Plant Assets - Purchased 250,000
Plant Assets - Disposals (100,000)
Additional Information:
Common Stock exchanged for outstanding Long Term Notes Payable of $125,000
Dividends paid were $30,000
Use this information to determine Alpha Company's Net Cash Flows from Financing Activities. If the amount is an outflow then enclose the amount with dollar sign inside of brackets ( ):
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Auditing Your Windows Infrastructure Intranet And Internet Security A Practical Audit Program For Assurance Professionals
Authors: Nwabueze Ohia
1st Edition
1521804133, 978-1521804131
