Question
The following transactions occurred last year at Dempsey Inc. Issuance of common stock$ 50,000 Dividends paid to common stockholders3,000 Depreciation expense6,000 Repayment of principal on
The following transactions occurred last year at Dempsey Inc.
Issuance of common stock$ 50,000
Dividends paid to common stockholders3,000
Depreciation expense6,000
Repayment of principal on the company's own bonds40,000
Sale of equipment17,000
Purchase of land120,000
Based solely on the above information, the net cash flows from financing activities for the year on the statement of cash flows would be:
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Managerial Accounting
Authors: Sivaramakrishna, Ramji Balakrishnan
1st Edition
0471467855, 978-0471467854
