Chapter 12 Homework Help Save & Exit 6 a. Net income was $479,000 b. Issued comm

Question

Chapter 12 Homework Help Save & Exit 6 a. Net income was $479,000 b. Issued common stock for $79,000 cash c. Paid cash dividend of $17000 d. Paid $115.000 cash to settle a note payable at its $115,000 maturity value e. Paid $123,000 cash to acquire its treasury stock t 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) Cash flows from finanoing activises 20 3 5 8 9

Explanation / Answer

Cash flows from financing activities Proceeds from issue of common stock $      79,000 Dividend paid $   (17,000) Payment of Notes payable $ (115,000) Paid to acquire treasury stock $ (123,000) Net cash used by financing activities $ (176,000)

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