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ment/takeAssignment Main.do?invoker- assignments&ktakeAssignmentSessionLocator-assignment-take;&inprogress; false ation) eBook Video Calculator Cash Flows from Financing Activities Hayashi, Inc. provided the following information: a. Net income of $450,000 was earned in 2016. b. Information taken from comparative balance sheets: Hayashi, Inc Comparative Balance Sheets At December 31, 2015 and 2016 2015 2016 Bonds payable Mortgage payable Common stock Contributed capital in excess of par Retained earnings Required Compute the financing cash flows for the current year. Use a minus sign to indicate a cash outflow 308,000 50,000 187,500 187,500 140,000 140,000 912,500 1,162,500 Check My Work Previo 0

Explanation / Answer

Calculate financing cash flow :

Issue bonds payable 308000 Repaid mortgage payable (50000) Dividend paid (200000) Cash flow from financing activities 58000

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