Solution-Determine company cash flows from financing

Determine company cash flows from financing activities

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Reference no: EM131941872

Question -

1. Net income was $475,000.

2. Issued common stock for $71,000 cash.

3. Paid cash dividend of $13,000.

4. Paid $110,000 cash to settle a note payable at its $110,000 maturity value.

5. Paid $120,000 cash to acquire its treasury stock.

6. Purchased equipment for $91,000 cash.

Use the above information to determine this company's cash flows from financing activities.

Reference no: EM131941872

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Determine company cash flows from financing activities

Reference no: EM131941872

Reference no: EM131941872

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