a. Net income was $475,000. b. Issued common stock for $72,000 cash. c. Paid cash dividend of $14,000. d. Paid $110,000 cash to settle a long-term notes payable at its $110,000 maturity value. e. Paid $120,000 cash to acquire its treasury stock. f. Purchased equipment for $91,000 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

a. Net income was $475,000. b. Issued common stock for $72,000 cash. c. Paid cash dividend of $14,000. d. Paid $110,000 cash to settle a long-term notes payable at its $110,000 maturity value. e. Paid $120,000 cash to acquire its treasury stock. f. Purchased equipment for $91,000 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

Name: Subject- Accounting a. Net income was $475,000.b. Issued common stock
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Description: Subject- Accounting a. Net income was $475,000.b. Issued common stock for $72,000 cash.c. Paid cash dividend of $14,000.d. Paid $110,000 cash to settle a long-term notes payable at its $110,000 maturity value.e. Paid $120,000 cash to acquire its trea

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter15: Statement Of Cash Flows

Section: Chapter Questions

Problem 4PA

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