A company had the following cash flows for the year:
(a) Purchased land, $60,000
(...
Business, 21.04.2020 15:51 emmalado45
A company had the following cash flows for the year:
(a) Purchased land, $60,000
(b) Borrowed from a local bank, $100,000
(c) Paid employee salaries, $50,000
(d) Issued common stock, $75,000
(e) Paid dividends, $20,000
(f) Sold equipment, $40,000
(g) Sold services to customers, $120,000
What amount would be reported for net financing cash flows on the Statement of Cash Flows?
1) $155,000.
2) ($20,000).
3) $40,000.
4) $70,000.
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