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Please show me how to calculate cash flows from financing. Thanks! Flow Company has provided the following information for the year ended December 31, 2010:
Please show me how to calculate cash flows from financing. Thanks!
Flow Company has provided the following information for the year ended December 31, 2010: Cash paid for interest, $20,000; Cash paid for dividends, $6,000; Cash dividends received, $4,000; Cash proceeds from bank loan, $29,000; Cash purchase of treasury stock, $11,000; Cash paid for equipment purchase, $27,000; Cash received from common stock sale, $37,000; Cash received from sale of land with a $32,000 book value, $25,000; Acquisition of land costing $51,000 in exchange for preferred stock issuance. Paid a $100,000 note payable by exchanging used machinery with a $77,000 book value. How much was Flow's net cash flow from financing activities? A net outflow of $51,000. A net inflow of $29,000. A net outflow of $53,000. A net inflow of $49,000Step by Step Solution
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