Net income was $479,000. Issued common stock for $75,000 cash. Paid cash dividend of $14,000. Paid $100,000 cash to settle a note payable at its $100,000 maturity value. Paid $123,000 cash to acquire its treasury stock. Purchased equipment for $88,000 cash. Use the above information to determine cash flows from financing activities
- Net income was $479,000.
- Issued common stock for $75,000 cash.
- Paid cash dividend of $14,000.
- Paid $100,000 cash to settle a note payable at its $100,000 maturity value.
- Paid $123,000 cash to acquire its treasury stock.
- Purchased equipment for $88,000 cash.
Use the above information to determine cash flows from financing activities
Expert Answer
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