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Use the following information to determine this company's cash flows from financing activities. a. Issued common stock for $40 cash. b. Paid $70 cash to retire a note payable at its $70 maturity value. c. Paid cash dividend of $15. d. Paid $5 cash to acquire its treasury stock. Ex 3: Cash flows from financing activities Cash received from issuance of common stock (from a). Cash paid to settle note payable (from b).. Cash paid for dividend (from c)... Cash paid to acquire treasury stock (from d) Net cash used by financing activities $ 40 (70) (15) (5) $(50) ... ...

Use the following information to determine this company's cash flows from financing activities. a. Issued common stock for $40 cash. b. Paid $70 cash to retire a note payable at its $70 maturity value. c. Paid cash dividend of $15. d. Paid $5 cash to acquire its treasury stock. Ex 3: Cash flows from financing activities Cash received from issuance of common stock (from a). Cash paid to settle note payable (from b).. Cash paid for dividend (from c)... Cash paid to acquire treasury stock (from d) Net cash used by financing activities $ 40 (70) (15) (5) $(50) ... ...

Financial Accounting: The Impact on Decision Makers
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter11: Stockholders' Equity
Section: Chapter Questions
Problem 11.2DC
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20:23 A Ims.uef.edu.vn Ex 3: Use the following information to determine this company's cash flows from financing activities. a. Issued common stock for $40 cash. b. Paid $70 cash to retire a note payable at its $70 maturity value. c. Paid cash dividend of $15. d. Paid $5 cash to acquire its treasury stock. Ex 3: Cash flows from financing activities Cash received from issuance of common stock (from a). Cash paid to settle note payable (from b). Cash paid for dividend (from c). Cash paid to acquire treasury stock (from d) Net cash used by financing activities $ 40 (70) (15) (5) $(50) UMA COMPANY Ex A Balance Sheets December 31, 2018 and 2017 2018 2017 Assets Cash $ 43,050 $ 23,925 Accounts receivable 34,125 156.000 39,825 Inventory 146,475 Prepaid expenses 3,600 236,775 1,650 Total current assets 211.875 Equipment.. 135,825 146,700 Accum. depreciation-Equipment Total assets (61.950) $310,650 (47.550) $311.025 Liabilities Accounts paya Incomotmror pmablo 28,800 5 100 $ 33,750 1. 425
Transcribed Image Text:20:23 A Ims.uef.edu.vn Ex 3: Use the following information to determine this company's cash flows from financing activities. a. Issued common stock for $40 cash. b. Paid $70 cash to retire a note payable at its $70 maturity value. c. Paid cash dividend of $15. d. Paid $5 cash to acquire its treasury stock. Ex 3: Cash flows from financing activities Cash received from issuance of common stock (from a). Cash paid to settle note payable (from b). Cash paid for dividend (from c). Cash paid to acquire treasury stock (from d) Net cash used by financing activities $ 40 (70) (15) (5) $(50) UMA COMPANY Ex A Balance Sheets December 31, 2018 and 2017 2018 2017 Assets Cash $ 43,050 $ 23,925 Accounts receivable 34,125 156.000 39,825 Inventory 146,475 Prepaid expenses 3,600 236,775 1,650 Total current assets 211.875 Equipment.. 135,825 146,700 Accum. depreciation-Equipment Total assets (61.950) $310,650 (47.550) $311.025 Liabilities Accounts paya Incomotmror pmablo 28,800 5 100 $ 33,750 1. 425
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