Question
The following events took place during the year. A firm sold shares for $1,000. The firm later buys back $200 of the stock. The firm
The following events took place during the year. A firm sold shares for $1,000. The firm later buys back $200 of the stock. The firm received $400 in a bank loan. The firm paid back $100 of the above loan and also paid the bank $25 of interest. The firm paid a dividend of $60. What was total financing cash flows for the year?
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Financial and Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
12th edition
978-1133952428, 1285078578, 1133952429, 978-1285078571
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