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Given the activity below, what is the net cash inflow or net cash outflow from financing activities (show outflow as negative)? 1. Purchased equipment $50,000
Given the activity below, what is the net cash inflow or net cash outflow from financing activities (show outflow as negative)? 1. Purchased equipment $50,000 2. Purchased a 60-day Treasury bill $60,000 3. Issued 1,000 shares of common stock $86,000 4. Purchased 1,000 shares of stock in another company $55,000 5. Purchased 1,000 shares of its own stock to be held in the treasury $8,000 6. Invested $1,000 in a money market fund $10,000 7. Sold 500 shares of stock of another company $57,000 8. Purchased 20-year bonds of another company $30,000 9. Issued 30-year bonds $10,000 10. Repaid a bank loan $50,000
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