During 2012, Granite Corporation earned net income of $5.1 billi

During 2012, Granite Corporation earned net income of $5.1 billion and paid off $2.9 billion of long-term notes payable. Granite raised $1.6 billion by issuing common stock, paid $3.9 billion to purchase treasury stock, and paid cash dividends of $1.9 billion. Report Granite’s cash flows from financing activities on the statement of cash flows for 2012.

A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...


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