Question: 2.5 3 points Exercise 12-10 (Algo) Cash flows from financing activities LO P3 a. Net income was $465,000. b. Issued common stock for $77,000
2.5 3 points Exercise 12-10 (Algo) Cash flows from financing activities LO P3 a. Net income was $465,000. b. Issued common stock for $77,000 cash. c. Paid cash dividend of $14,000. d. Paid $110,000 cash to settle a long-term notes payable at its $110,000 maturity value. e. Paid $123,000 cash to acquire its treasury stock. f. Purchased equipment for $86,000 cash. eBook 101 Hint Use the above information to determine cash flows from financing activities. Note: Amounts to be deducted should be indicated with a minus sign. Statement of Cash Flows (partial) Cash flows from financing activities References
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