Net income was $473,000. Issued common stock for $72,000 cash. Paid cash dividend of $18,000....
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Accounting
Net income was $473,000.
Issued common stock for $72,000 cash.
Paid cash dividend of $18,000.
Paid $115,000 cash to settle a long-term notes payable at its $115,000 maturity value.
Paid $124,000 cash to acquire its treasury stock.
Purchased equipment for $88,000 cash.
Use the above information to determine cash flows from financing activities.
Note: Amounts to be deducted should be indicated with a minus sign.
| Statement of Cash Flows (partial) | |
| Cash flows from financing activities | |
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