Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. marigold corp. issued common stock for proceeds of

Marigold Corp. issued common stock for proceeds of $435000 during 2017. The company paid dividends...

80.2K

Verified Solution

Question

Accounting

Marigold Corp. issued common stock for proceeds of $435000 during 2017. The company paid dividends of $77000 and issued a long-term note payable for $293000 in exchange for equipment during the year. The company also purchased treasury stock that had a cost of $63000. The financing section of the statement of cash flows will report net cash inflows of

a. $651000.

b. $358000.

c. $295000.

d. $588000.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Accounting
1.2K views

On January 1, 2018, Sans Serif Publishers leased printing equipment from First Lease Corp. First LeaseCorp...

Psychology
1.2K views

How does gendered job segregation and the gender wage gap violate assumptions about the economic system in...

Electrical Engineering
1.2K views

can you give an explanation of what it is and for what it uses Optic switches and...

Biology
1.2K views

Which statement accurately describes the relationship between cytokinesis and mitosis O Mitosis includes interphase and...

Basic Math
1.2K views

Given the functions below, find the domain of (f.g)(x).f(x) = -4/-x+4 g(x) = -8/-2x-6Select the...

Basic Math
1.2K views

The demand for a particular commodity is given by D(x) = -35x + 150; that...

Accounting
1.2K views

on December 1, 2018 Street design set up a petty cash form for 275 at...

Accounting
1.2K views

Question 5 of 5 -0.56 Beginning Cash Balance Add : Receipts Collections from Patients...

Accounting
1.2K views

Wriston Company is preparing its cash budget for the upcoming month. The beginning cash balance...

Accounting
1.2K views

Mini-Exercise 12-3 (Algo) Prepare a contribution margin format income statement LO 12-7 Eastern Imports incorporated...

Accounting
1.2K views

Wingate Company, a wholesale distributor of electronic equipment, has been experlencing losses as shown by...

Accounting
1.2K views

To measure controllable profuctuon inefficiences, which one of the following is the best basis for...