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Paid 120000 cash to acquire its treasury stock use the

Question -

1. Net income was $475,000.

2. Issued common stock for $71,000 cash.

3. Paid cash dividend of $13,000.

4. Paid $110,000 cash to settle a note payable at its $110,000 maturity value.

5. Paid $120,000 cash to acquire its treasury stock.

6. Purchased equipment for $91,000 cash.

Use the above information to determine this company's cash flows from financing activities.

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Accounting Basics: Paid 120000 cash to acquire its treasury stock use the

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Accounting Basics: Paid 120000 cash to acquire its treasury stock use the

Reference No:- TGS02737344

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