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The following information is related to Alpha Company’s fiscal year 2017. Income Statement: Net Income $3,000,000 Depreciation Expense 500,000 Gain on Sale of Plant Assets 50,000 Interest Expense 5,000 Balance Sheet – 12/31/17: Increase (Decrease) Accounts Payable ($40,000) Plant Assets – Purchased 250,000 Plant Assets – Disposals (100,000) Additional Information: Common Stock exchanged for outstanding Long Term Notes Payable of $145,000 Dividends paid were $25,000 Use this information to determine Alpha Company’s Net Cash Flows from Financing Activities. If the amount is an outflow then enclose the amount with dollar sign inside of brackets ( ):
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Question & Answer: The following information is related to Alpha Company's fiscal year 2017. Income Statement: Net Income $3,000,000 Dep…..
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| Statement of Cash Flow | ||
| Particulars | Amount | Total Amount |
| Cash flow from Financing activities | ||
| Dividends Paid | (25,000.00) | |
| Cash flow from Financing activities | (25,000.00) | |
| Note : Common Stock exchanged for outstanding Long Term Notes Payable of $145,000 – Ignored since it is a non cash activity |
