Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Pharoah Company increased its investments in marketable securities by $330,370 and paid $1.223.231 for new fixed assets during 2017. The company also repaid $777.200 of

image text in transcribed
Pharoah Company increased its investments in marketable securities by $330,370 and paid $1.223.231 for new fixed assets during 2017. The company also repaid $777.200 of existing long-term debt while raising $913.465 of new debt capital. In addition, Pharoah had a net cash inflow of $349,002 from the sale of fixed assets, and repurchased stock in the open markets for a total of $56,001. What Is the net cash used in long term Investing activities by Pharoah? What is the net cash provided by the company's financing activities? (Enter negative amounts using either a negative sign preceding the number 4.3. -45 or parentheses c.9. (451) Investing activities $ Financing activities $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Literacy For Managers

Authors: Richard A. Lambert

1st Edition

1613630182, 978-1613630181

More Books

Students also viewed these Finance questions

Question

WHAT IS HRM?

Answered: 1 week ago

Question

(a+2)=81 then a=?

Answered: 1 week ago

Question

GENERAL MANAGEMENT IN BUSINESS?

Answered: 1 week ago