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Use the following information to calculate the net cash provided or used by financing activities. (a) Paid $30,400 cash to settle long-term notes payable at
Use the following information to calculate the net cash provided or used by financing activities. (a) Paid $30,400 cash to settle long-term notes payable at its $30,400 maturity value. (b) Acquired machinery for $13,200 cash. (c) Paid cash dividend of $14,200. (d) Net income was $11,200. (e) Issued common stock for $41,200 cash.
Use the following information to calculate the net cash provided or used by financing activities. (a) Paid $30,400 cash to settle long-term notes payable at its $30,400 maturity value. (b) Acquired machinery for $13,200 cash. (c) Paid cash dividend of $14,200. (d) Net income was $11,200. (e) Issued common stock for $41,200 cashStep by Step Solution
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