Use the following information to determine cash flows from financing activities.n a. Net income was $35,000.n b.
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a. Net income was $35,000.n
b. Issued common stockn for $64,000 cash.n
c. Paid cash dividendn of $14,600.n
d. Paid $50,000 cash to settle a note payable at its $50,000 maturity value.n
e. Paid $12,000 cash to acquire its treasury stock.n
f. Purchased equipment for $39,000 cash.
Related Book For
Fundamental financial accounting concepts
ISBN: 978-0078025365
8th edition
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
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