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27 January, 18:12

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

Net income was $467,000.

Issued common stock for $74,000 cash.

Paid cash dividend of $13,000.

Paid $120,000 cash to settle a note payable at its $120,000 maturity value.

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

Purchased equipment for $90,000 cash.

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  1. 27 January, 18:32
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    See the explanation below.

    Explanation:

    Details Amount ($)

    Issued common stock 74,000

    Dividend paid (13,000)

    Settlement of note payable (120,000)

    Treasury stock acquired (120,000)

    Net cash flows from financing activities (179,000)
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