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The following summary transactions occurred during the year for Marigold. Cash received from: Collections from customers $385,000 Interest on notes receivable 8,500 Collection of notes
The following summary transactions occurred during the year for Marigold. Cash received from: Collections from customers $385,000 Interest on notes receivable 8,500 Collection of notes receivable 55,000 Sale of investments 35,000 Issuance of notes payable 105,000 Cash paid for: Purchase of inventory 165,000 Interest on notes payable 7,500 Purchase of equipment 90,000 Salaries to employees 95,000 Payment of notes payable 27,500 Dividends to shareholders 1,000 Required: Calculate net cash flows from financing activities.
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MARIGOLD COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2024 Cash flows from financing activities: Net cash flows from financing activities $ 0Step by Step Solution
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