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In 2022, Royal Flush Plumbers reported net income equal to $1,000. The company reported Depreciation expense of $200. The company repurchased 10 shares of treasury stock for $500 (10 shares for $50 each). The stock had a par value of $5. The company also paid a dividend of $80 ($0.80 x 100 shares). What was the company's Cash From financing in 2022? (make the number negative if it is a net cash outflow) Type your answer....

In 2022, Royal Flush Plumbers reported net income equal to $1,000. The company reported Depreciation expense of $200. The company repurchased 10 shares of treasury stock for $500 (10 shares for $50 each). The stock had a par value of $5. The company also paid a dividend of $80 ($0.80 x 100 shares). What was the company's Cash From financing in 2022? (make the number negative if it is a net cash outflow) Type your answer....

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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In 2022, Royal Flush Plumbers reported net income equal to $1,000. The company reported Depreciation expense of $200. The company repurchased 10 shares of treasury stock for $500 (10 shares for $50 each). The stock had a par value of $5. The company also paid a dividend of $80 ($0.80 x 100 shares). What was the company's Cash From financing in 2022? (make the number negative if it is a net cash outflow) Type your answer.....
Transcribed Image Text:In 2022, Royal Flush Plumbers reported net income equal to $1,000. The company reported Depreciation expense of $200. The company repurchased 10 shares of treasury stock for $500 (10 shares for $50 each). The stock had a par value of $5. The company also paid a dividend of $80 ($0.80 x 100 shares). What was the company's Cash From financing in 2022? (make the number negative if it is a net cash outflow) Type your answer.....
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