What would be the net cash inflows or outflows from financing activities? CASH RECEIVED FROM: customers $2200 Interest on investments 220 sale of land 110 Sale of common stock 590 Issuance of debt securities 2100 CASH PAID FOR: interest on debt $270 Income tax 110 Debt principal reduction 1600 Purchase of equipment 4800 Purchase of inventory 1000 Dividends on common stock 240 Operating expenses 500
What would be the net cash inflows or outflows from financing activities? CASH RECEIVED FROM: customers $2200 Interest on investments 220 sale of land 110 Sale of common stock 590 Issuance of debt securities 2100 CASH PAID FOR: interest on debt $270 Income tax 110 Debt principal reduction 1600 Purchase of equipment 4800 Purchase of inventory 1000 Dividends on common stock 240 Operating expenses 500
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter12: The Statement Of Cash Flows
Section: Chapter Questions
Problem 12.24MCE
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What would be the net cash inflows or outflows from financing activities?
CASH RECEIVED FROM:
customers $2200
Interest on investments 220
sale of land 110
Sale of common stock 590
Issuance of debt securities 2100
CASH PAID FOR:
interest on debt $270
Income tax 110
Debt principal reduction 1600
Purchase of equipment 4800
Purchase of inventory 1000
Dividends on common stock 240
Operating expenses 500
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