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XYZ Company reported the following cash flows for the most recent year: Cash received from : Customers $3,000 Sale of common stock 600 Interest on
XYZ Company reported the following cash flows for the most recent year: Cash received from: Customers $3,000 Sale of common stock 600 Interest on bank accounts 200 Bank loans 2,500 Cash paid for: Purchase of equipment $4,000 Operating expenses 900 Dividends 700 Interest on bank loans 300 Purchase of inventory 800 Principle on notes payable 1,000 Assume XYZ Company prepares its financial statements according to international financial reporting standards (IFRS). Also, assume that wherever possible XYZ Company classifies cash flows differently than would be required under GAAP. Calculate XYZ Company's net cash flow from financing activities for the most current year. If your answer is negative, place a minus sign in front of your answer with no spaces in between (e.g., -1234). Do not use decimals in your answer.
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