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Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275 Exercise 13
Use the following information to determine this company's cash flows from financing activities.
a. Net income was $35,000.
b. Issued common stock for $64,000 cash.
c. Paid cash dividend of $14,600.
d. Paid $50,000 cash to settle a note payable at its $50,000 maturity value.
e. Paid $12,000 cash to acquire its treasury stock.
f. Purchased equipment for $39,000 cash.
a. Net income was $35,000.
b. Issued common stock for $64,000 cash.
c. Paid cash dividend of $14,600.
d. Paid $50,000 cash to settle a note payable at its $50,000 maturity value.
e. Paid $12,000 cash to acquire its treasury stock.
f. Purchased equipment for $39,000 cash.
Explanation
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Indirect method first reports net income...
Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
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