Question
Use the following information to calculate the net cash provided or used by financing activities. (a) Paid $31,400 cash to settle long-term notes payable
Use the following information to calculate the net cash provided or used by financing activities. (a) Paid $31,400 cash to settle long-term notes payable at its $31,400 maturity value. (b) Acquired machinery for $13,700 cash. (c) Paid cash dividend of $14,700. (d) Net income was $11,700. (e) Issued common stock for $41,700 cash. Statement of Cash Flows (partial) Cash flows from financing activities
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
9th Canadian Edition, Volume 2
470964731, 978-0470964736, 978-0470161012
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