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please help and explain how you got the answer. thank you :) Preparing the Cash Flow from Financing Activities Section Gomez Corp. reported the following
please help and explain how you got the answer. thank you :)
Preparing the Cash Flow from Financing Activities Section Gomez Corp. reported the following items for the year ended December 31. Item Dec 31 Purchased an investment in debt securities (long-term) for cash s 60,000 Sold equipment for cash, previously used in operations 50,000 Paid cash for dividends 20,000 Issued coma-on stock for cash 200,000 Retired a 10-year bond payable by repaying the face value at maturity 160,000 Sold investment in equity securities (held for one-year) 22,000 Borrowed cash by signing a nine-month note payable 30,000 Extended a loan to a customer far a building expansion 16,000 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. S
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