Question: Please add explanation Exercise 1610 (Algo) Cash flows from financing activities LO P3 a. Net income was $470,000. b. Issued common stock for $76,000 cash.
Please add explanation
Exercise 1610 (Algo) Cash flows from financing activities LO P3 a. Net income was $470,000. b. Issued common stock for $76,000 cash. c. Paid cash dividend of $14,000. d. Paid $100,000 cash to settle a long-term notes payable at its $100,000 maturity valt e. Paid $125,000 cash to acquire its treasury stock. f. Purchased equipment for $90,000 cash. Use the above information to determine cash flows from financing activities. Note: Amounts to be deducted should be indicated with a minus sign. Answer is not complete
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