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.

Answer rating: 100% (QA)

Cash flows from financing activities should be computed as follows Cash Flows from Fi... View the full answer