Use the below information to determine cash flows from financing activities. Net income was $467,000. Issued common
Fantastic news! We've Found the answer you've been seeking!
Question:
Use the below information to determine cash flows from financing activities.
- Net income was $467,000.
- Issued common stock for $74,000 cash.
- Paid cash dividend of $16,000.
- Paid $130,000 cash to settle a long-term notes payable at its $130,000 maturity value.
- Paid $119,000 cash to acquire its treasury stock.
- Purchased equipment for $95,000 cash.
Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Posted Date: