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The following transactions occurred for That Old Company Inc. at the end of the year: a . Net Income for the year was $ 5
The following transactions occurred for That Old Company Inc. at the end of the year:
a Net Income for the year was $ Depreciation Expense was $
b shares of Common Stock were issued for $ per share in cash.
c Paid towards a note payable. No new notes were signed this year.
d Purchased office equipment for $ in cash.
Cash dividends were paid this year. Beginning retained earnings was $ and ending
e Retained Earnings was $
Requirement: Complete the Financing Activities section of the Statement of Cash Flows.
Enter amounts subtracted or cash paidused as negative amounts.
The Old Company Inc.
Partial Statement of Cash Flows
For Year Ended December
Cash flows from financing activities:
Cash received from issuing common stock
Cash paid on notes payable
Cash paid for dividends
Net cash provided by financing activities
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