a. Net income was $478,000. b. Issued common stock for $71,000 cash. c. Paid cash dividend of $11,000. d. Paid $110,000 cash to settle a long-term notes payable at its $110,000 maturity value. e. Paid $120,000 cash to acquire its treasury stock. f. Purchased equipment for $88,000 cash.
a. Net income was $478,000. b. Issued common stock for $71,000 cash. c. Paid cash dividend of $11,000. d. Paid $110,000 cash to settle a long-term notes payable at its $110,000 maturity value. e. Paid $120,000 cash to acquire its treasury stock. f. Purchased equipment for $88,000 cash.
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 27BE
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