Net income was $477,000. Issued common stock for $71,000 cash. Paid cash dividend of $15,000. Paid $115,000 cash to settle a note payable at its $115,000 maturity value. Paid $120,000 cash to acquire its treasury stock. Purchased equipment for $93,000 cash. Use the above information to determine cash flows from financing activities. (Amounts to be deducted should be indicated with a minus sign.)

($179,000)

Explanation:

The computation of the cash flows from financing activities is shown below:

Cash flows from financing activities:

Common stock issuance $71,000

Less: Cash dividends paid -$15,000

Less: Payment of note payable -$115,000

Less: Purchase of treasury stock -$120,000

Net cash flows from financing activities ($179,000)

The negative sign shows the outflow of cash and the positive sign shows the cash inflow and the same is shown above

rational decision making is a multi-step process for making choices between alternatives. the process of rational decision making favors logic, objectivity, and analysis over subjectivity and insight. the word “rational” in this context does not mean sane or clear-headed as it does in the colloquial sense.

hope this

e would be the answer