Question

Net income was $473,000. Issued common stock for $72,000 cash. Paid cash dividend of $16,000. Paid...

  1. Net income was $473,000.
  2. Issued common stock for $72,000 cash.
  3. Paid cash dividend of $16,000.
  4. Paid $125,000 cash to settle a note payable at its $125,000 maturity value.
  5. Paid $121,000 cash to acquire its treasury stock.
  6. Purchased equipment for $92,000 cash.


Use the above information to determine cash flows from financing activities.

(Amounts to be deducted should be indicated with a minus sign.)


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Answer #1
$
Cash Flow from Financing Activities
Cash received from issuance of common stock          72,000.00
Cash Dividends paid        (16,000.00)
Repaid note payable       (125,000.00)
Purchased treasury stock       (121,000.00)
Net cash used in financing activities       (190,000.00)
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