Use the following information to determine this companys cash flows from financing activities a Net income was $ 35,000 b Issued common stock for $ 64,000 cash c Paid cash dividend of $ 14,600 d Paid $ 50,000 cash to settle a note payable at its $ 50,000 maturity value e Paid $ 12,000 cash to acqui...

Cash flows from financing activities Sa ...

Use the following information to determine this companys cash flows from financing activities. a. Net income was

Question:

Use the following information to determine this company’s cash flows from financing activities.
a. Net income was $ 35,000.
b. Issued for $ 64,000 cash.
c. Paid cash of $ 14,600.
d. Paid $ 50,000 cash to settle a note payable at its $ 50,000 value.
e. Paid $ 12,000 cash to acquire its treasury stock.
f. Purchased equipment for $ 39,000 cash.

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... Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...