Using the following information, compute the amount of cash from financing activities 1 Anderson Company purchased $12,000 of its own common stock to be held in the treasury 2 Anderson paid cash dividends of $2,350 to its stockholders 3 Anderson repaid $25,000 of long term debt ...

Financing activities Cash paid to purch ...

Using the following information, compute the amount of cash from financing activities: 1. Anderson Company purchased $12,000

Question:

Using the following information, compute the amount of cash from financing activities:
1. Anderson Company purchased $12,000 of its own to be held in the treasury.
2. Anderson paid cash dividends of $2,350 to its stockholders.
3. Anderson repaid $25,000 of long-term debt.

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...