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Net income was $476,000. Issued common stock for $73,000 cash. Paid cash dividend of $16,000. Paid...

  1. Net income was $476,000.
  2. Issued common stock for $73,000 cash.
  3. Paid cash dividend of $16,000.
  4. Paid $125,000 cash to settle a note payable at its $125,000 maturity value.
  5. Paid $121,000 cash to acquire its treasury stock.
  6. Purchased equipment for $89,000 cash.


Use the above information to determine this company's cash flows from financing activities. (Amounts to be deducted should be indicated with a minus sign.)

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Answer #1
Cash Flows from Financing Activities
Cash received from issuing common stock 73,000
Cash dividend paid (16,000)
Note payable repaid (125,000)
Treasury stock purchased (121,000)
Cash used in financing activities (189,000)
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