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In its most recent financial year a company paid dividends of $7 million, issued new shares worth $71 million, repaid $6 million in short-term loans,
In its most recent financial year a company paid dividends of $7 million, issued new shares worth $71 million, repaid $6 million in short-term loans, raised $82 million in new long-term loans and paid interest of $5 million. What is the companys net cash flow from financing activities?
Please explain why each item is a 'financing activity' or not? I need some assistance conceptually with this question. Thank you.
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