Question
Walnut Co. reported the following cash flows for 2021: Cash paid for interest $415,000; cash paid for PPE $2,407,000, cash paid on bond $2,720,000, and
Walnut Co. reported the following cash flows for 2021:
Cash paid for interest $415,000;
cash paid for PPE $2,407,000,
cash paid on bond $2,720,000, and
cash received from common stock $1,494,000.
Based on this information, what will Walnut Co. show as net cash flows from financing activies for 2021?
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Step 12 Computation of the net cash flows from financing activities for 2021 Amount Pa...
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Understanding financial statements
Authors: Lyn M. Fraser, Aileen Ormiston
9th Edition
136086241, 978-0136086246
