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Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881

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BuyFindarrow_forward

Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881
Textbook Problem
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Determining Net Cash Flow from Financing Activities

Hebert Company reported the following information for 2019:

Repaid long-term debt $75,000

Paid interest on note payable 1,570

Issued common stock 30,000

Paid dividends 18,000

Required:

Compute net cash flow from financing activities.

To determine

Introduction:

Cash Flow from Financing Activities represents inflows and outflows of cash resulting from obligation issuance and financing, the issuance of any new stock, profit installments, and any repurchase of existing stock.

To choose:

Compute net cash flow from financing activities.

Explanation

Statement of financial Activity

Particular Amount ($)
Repaid...

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