a. Net income was $477,000. b. Issued common stock for $70,000 cash. c. Paid cash dividend of $10,000. d. Paid $115,000 cash to settle a note payable at its $115,000 maturity value. e. Paid $124,000 cash to acquire its treasury stock. f. Purchased equipment for $89,000 cash. Use the above information to determine cash flows from financing activities. (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 $477,000. b. Issued common stock for $70,000 cash. c. Paid cash dividend of $10,000. d. Paid $115,000 cash to settle a note payable at its $115,000 maturity value. e. Paid $124,000 cash to acquire its treasury stock. f. Purchased equipment for $89,000 cash. Use the above information to determine cash flows from financing activities. (Amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows (partial) Cash flows from financing activities

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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