a. Net income was $468,000. b. Issued common stock for $79,000 cash. c. Paid cas

Question

a. Net income was $468,000.
b. Issued common stock for $79,000 cash.
c. Paid cash dividend of $10,000.
d. Paid $105,000 cash to settle a note payable at its $105,000 maturity value.
e. Paid $115,000 cash to acquire its treasury stock.
f. Purchased equipment for $92,000 cash.

Use the above information to determine this company's cash flows from financing activities. (Amounts to be deducted should be indicated with a minus sign. Omit the "$" sign in your response.)

Statement of Cash Flows
Cash flows from financing activities
$ ...... ......
....... ....
......... .....
....... ........


Net cash financing activities $......

Explanation / Answer

Cash flows from financing activities: Common stock issuance +79000 Cash dividends paid -10000 Payment of note payable -105000 Purchase of treasury stock -115000 Net cash flows from financing activities (151000)

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