a. Net income was $476,000. b. Issued common stock for $80,000 cash. c. Paid cash dividend...
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a. Net income was $476,000. b. Issued common stock for $80,000 cash. c. Paid cash dividend of $18,000. d. Paid $100,000 cash to settle a long-term notes payable at its $100,000 maturity value. e. Paid $118,000 cash to acquire its treasury stock. f. Purchased equipment for $92,000 cash. 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 a. Net income was $476,000. b. Issued common stock for $80,000 cash. c. Paid cash dividend of $18,000. d. Paid $100,000 cash to settle a long-term notes payable at its $100,000 maturity value. e. Paid $118,000 cash to acquire its treasury stock. f. Purchased equipment for $92,000 cash. 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
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