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snow_tiger [21]
3 years ago
10

A. Net income was $471,000.

Business
1 answer:
Mariana [72]3 years ago
4 0

Answer:

-$189,000

Explanation:

Calculation to determine the cash flows from financing activities

CASH FLOWS FROM FINANCING ACTIVITIES

Issued common stock for cash $74,000

Less Paid cash dividend ($11,000)

Less Paid cash to settle a note payable ($130,000)

Less Paid cash to acquire its treasury stock ($122,000)

Cash flows from financing activities -$189,000

Therefore the Cash flows from financing activities is -$189,000

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