Homework Answers
In the net cash flows from financing activities, we will consider the increase or decrease in cash in 2012 over 2011 due to equity and long term debt transactions only.First we will calculate the dividends paid as per below:
Dividend paid calculation:
Beginning retained earnings: $10200
Add: Net income in 2012 : $2270
Less: Ending retained earnings: ($10900)
Dividend paid : $1570
Now, we will calculate the cash flows from financing activities:
| Description | Amount | Amount |
| Financing activities: | ||
| Proceeds from common stock issue | $2000 | |
| Proceeds from capital surplus | $5200 | |
| Less: Dividends paid | - $1570 | |
| Less: Payment of long term debt | - $700 | |
| Net cash flows from financing activities | $4930 | |
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