Exercise 12-10 (Static) Cash flows from financing activities LO P3

Net income was $35,000.

Issued common stock for $64,000 cash.

Paid cash dividend of $14,600.

Paid $50,000 cash to settle a long-term notes payable at its $50,000 maturity value.

Paid $12,000 cash to acquire its treasury stock.

Purchased equipment for $39,000 cash.

Use the above information to determine cash flows from financing activities.

Note: Amounts to be deducted should be indicated with a minus sign.

Exercise 12-10 (Static) Cash flows from financing activities LO P3 a. Net income was $35,000. b. Issued common stock for $64,000 cash. c. Paid cash dividend of $14,600. d. Paid $50,000 cash to settle a long-term notes payable at its $50,000 maturity value. e. Paid $12,000 cash to acquire its treasury stock. f. Purchased equipment for $39,000 cash. Use the above information to determine cash flows from financing activities. Note: Amounts to be deducted should be indicated with a minus sign