Net income was $474,000. Issued common stock for $71,000 cash. Paid cash dividend of $14,000. Paid $120,000
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Question:
- Net income was $474,000.
- Issued common stock for $71,000 cash.
- Paid cash dividend of $14,000.
- Paid $120,000 cash to settle a long-term notes payable at its $120,000 maturity value.
- Paid $119,000 cash to acquire its treasury stock.
- Purchased equipment for $85,000 cash.
Use the above information to determine cash flows from financing activities.
Note: Amounts to be deducted should be indicated with a minus sign.
Related Book For
Financial Accounting
ISBN: 978-0078025549
3rd edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
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