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a. Net income was $471,000 b. Issued common stock for $70,000 cash. c. Paid cash dividend of $14,000. d. Paid $130,000 cash to settle a
a. Net income was $471,000 b. Issued common stock for $70,000 cash. c. Paid cash dividend of $14,000. d. Paid $130,000 cash to settle a long-term notes payable at its $130,000 maturity value. e. Paid $122,000 cash to acquire its treasury stock. f. Purchased equipment for $94,000 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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