Use the following information to determine this company's cash flows from financing activities. a. Net income was
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Question:
Use the following information to determine this company's cash flows from financing activities.
a. Net income was $472,000
b. Issued common stock for $375,000
c. Paid cash dividend of $13,000
d. Paid $120,000 cash to settle a note payable at its $120,000 maturity value
e. Paid $118,000 cash to acquire its treasury stock.
f. Purchased equipment for $92,000 cash.
Related Book For
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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