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Need computation thanks A business made a profit of $ 11,000 in its fiscal year. We have the following information: 1. Loss incurred during the
Need computation thanks
A business made a profit of $ 11,000 in its fiscal year. We have the following information: 1. Loss incurred during the sale of equipment 500$ 2. Increase in accounts payable 8000$ 3. Purchase of land 110 000$ 4. Payment of a dividend 4500$ 5. Decrease in stock 12 500$ 6. Increase in prepaid expenses 5000$ 7. Decrease in interest payable 18 000$ 8. Purchase of a 20-year patent 17 000$ 9. Long-term debt repayment 35 000$ 10. Issue of shares 70 000$ Question: What is the amount of cash flow from financing activities Step by Step Solution
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