Using financial statement data to determine cash flow from financing activities The following information pertaining to financing
Question:
Using financial statement data to determine cash flow from financing activities The following information pertaining to financing activities is available for Rebel Company for 2007:
Other Information 1. Dividends paid during the period amounted to $30,000.
2. No new funds were borrowed during the period.
Required
a. Compute the net cash flow from financing activities for 2007.
b. Prepare the cash flow from financing activities section of the statement of cash flows.
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Related Book For
Fundamental Managerial Accounting Concepts
ISBN: 9780073526799
4th Edition
Authors: Thomas Edmonds, Bor-Yi Tsay, Philip Olds
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