The following transactions occurred during the year a Common stock was issued in exchange for a new heavy truck b A cash dividend of $20,000 was paid c A 90 day note payable was issued for $5,000 cash d $25,000 was paid to acquire the company 's own common stock e Depreciation expense for the year ...

Cash flows from financing activities Payment of dividends 20000 Issuanc ...

The following transactions occurred during the year: a. Common stock was issued in exchange for a new

Question:

The following transactions occurred during the year:
a. was issued in exchange for a new heavy truck.
b. A cash of $20,000 was paid.
c. A 90-day note payable was issued for $5,000 cash.
d. $25,000 was paid to acquire the company's own common stock.
e. Depreciation expense for the year was $30,000.
f. Bonds with a of $25,000 were issued at par.
Required
Use this information to compute cash flows from financing activities. Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their... Face Value
Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the original cost of the stock, as listed on the certificate. For bonds, it is the amount paid to the...