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Determining Net Cash Flow from Financing Activities
Madison Company reported the following information:
| 12/31/2019 |
12/31/2018 |
|
| Notes payable |
$95,000 |
$75,000 |
| Common stock |
120,000 |
80,000 |
| Retained earnings |
20,000 |
36,000 |
Madison reported net income of $26,000 for the year ended December 31, 2019. In addition, Madison repaid $35,000 of the notes payable during 2019.
Required:
Compute net cash flow from financing activities.
Introduction:
Cash Flow from Financing Activities represents inflows and outflows of cash coming about because of obligation issuance and financing, the issuance of any new stock, profit installments, and any repurchase of existing stock.
To choose:
Compute net cash flow from financing activities.
| Particular | Amount ($) |
| Paid dividend Issue Note payable Repaid the note payable Issue of common stock Cash from financial activity |
(20,000) 55,000 (35,000) 40,000 40,000 |
Retained Earning
| Particular | Amounts ($) | Particular | Amounts ($) |
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