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Gomez Corp. reported the following items for the year ended December 31, 2020. Item Dec 31, 2020 Purchased an investment in debt securities (long-term) for
Gomez Corp. reported the following items for the year ended December 31, 2020.
Item Dec 31, 2020 Purchased an investment in debt securities (long-term) for cash $ 30,000 Sold equipment for cash, previously used in operations 25,000 Paid cash for dividends 10,000 Issued common stock for cash 100,000 Retired a 10-year bond payable by repaying the face value at maturity 80,000 Sold investment in equity securities (held for one-year) 11,000 Borrowed cash by signing a nine-month note payable 15,000 Extended a loan to a customer for a building expansion 8,000 Use a negative sign with your answer to indicate a cash outflow, if applicable. Calculate net cash from financing activities for the year ended December 31, 2020. $ 0Step by Step Solution
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