Question

Exercise 12-9 Cash flows from financing activities LO P3

  1. Net income was $466,000.

  2. Issued common stock for $74,000 cash.

  3. Paid cash dividend of $14,000.

  4. Paid $120,000 cash to settle a note payable at its $120,000 maturity value.

  5. Paid $118,000 cash to acquire its treasury stock.

  6. Purchased equipment for $88,000 cash.

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

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