The accountant for Earth Institute, Inc. determined the cash flow for several transactions to be as follows:
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The accountant for Earth Institute, Inc. determined the cash flow for several transactions to be as follows:
Payment to pay off notes payable .................................$175,000
Proceeds from issuance of bonds payable .......................615,000
Payment to purchase equipment ......................................255,000
Payment of wages .............................................................95,000
Payment of dividends .....................................................135,000
On the basis of the above transactions alone, determine the net cash flow from financing activities.
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Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0077639730
3rd edition
Authors: David Haddock, John Price, Michael Farina
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