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Net income was $467,000. Issued common stock for $77,000 cash. Paid cash dividend of $14,000. Paid $115,000 cash to settle a note payable at its $115,000 maturity value. Paid $117,000 cash to acquire its treasury stock. Purchased equipment for $86,000 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

Net income was $467,000. Issued common stock for $77,000 cash. Paid cash dividend of $14,000. Paid $115,000 cash to settle a note payable at its $115,000 maturity value. Paid $117,000 cash to acquire its treasury stock. Purchased equipment for $86,000 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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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  1. Net income was $467,000.
  2. Issued common stock for $77,000 cash.
  3. Paid cash dividend of $14,000.
  4. Paid $115,000 cash to settle a note payable at its $115,000 maturity value.
  5. Paid $117,000 cash to acquire its treasury stock.
  6. Purchased equipment for $86,000 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  
   
   
   
   
   
   
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