Cline Company issued common stock for proceeds of $189,000 during 2008, the company paid dividends of $35,000

Question:

Cline Company issued common stock for proceeds of $189,000 during 2008, the company paid dividends of $35,000 and issued a long term note payable for $41,000 in exchange for equipment during the year. the company also purchased treasury stock that had a cost of $7,000. the financing section of the statement of cash flows will report net cash inflows of
a. $182,000 b. $217,000 c. $147,000 d. $154,000
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...
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

College Accounting Chapters 1-30

ISBN: 978-1259631115

15th edition

Authors: John Price, M. David Haddock, Michael Farina

Question Posted: