Mazaya company issued ordinary shares for proceeds of $372,000 during 2011. The company paid dividends of $66,000 and issued a non-current note payable for $66,000 in exchange for equipment during the year. The company also re-purchased it's owned shares (treasury shares) that had a cost of $14,000 for cash. The financing section of the statement of cash flows will report net cash inflows of?

Mazaya company issued ordinary shares for proceeds of $372,000 during 2011. The company paid dividends of $66,000 and issued a non-current note payable for $66,000 in exchange for equipment during the year. The company also re-purchased it's owned shares (treasury shares) that had a cost of $14,000 for cash. The financing section of the statement of cash flows will report net cash inflows of?

Name: Mazaya company issued ordinary shares for proceeds of $372,000 during
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Description: Mazaya company issued ordinary shares for proceeds of $372,000 during 2011. The company paid dividends of $66,000 and issued a non-current note payable for $66,000 in exchange for equipment during the year. The company also re-purchased it's owned sh

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter21: The Statement Of Cash Flows

Section: Chapter Questions

Problem 5RE: In the current year, Harrisburg Corporation had net income of 35,000, a 9,000 decrease in accounts...

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In the current year, Harrisburg Corporation had net income of 35,000, a 9,000 decrease in accounts receivable, a 7,000 increase in inventory, an 8,000 increase in salaries payable, a 13,000 decrease in accounts payable, and 10,000 in depreciation expense. Using the indirect method, prepare the operating activities section of its statement of cash flows based on this information.
On year 2012, Prem Company has the ff financial operation information: Payment for the early retirement of bonds payable (carrying amount, USD15,600,000) USD 15, 700, 000 Distribution of cash dividend for 2012 to preferred shareholders (declared in 2011) 800,000 Proceeds from reissuance of treasury shares (cost of USD 930, 000) 1, 050, 000 How much should be reported as net cash used in financing operations in the 2012 statement of cash flows?
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