2020 2019 Free Cash Flow $4,000 $4,000 Financing Activities Repayment of L/T Debt (3,500) (5,000) Proceeds from issuances of L/T Debt 4,250 3,000 Repurchase of Common Stock (750) (250) Cash Dividend Paid (750) (750) Issuance of Common Stock 4,000 5,000 Cash Flow from Financing Activities $3,250 $2,000 Change in Cash Balance 7,250 6,000 Cash Flow from Financing Activity increased from $2,000 in 2019 up to $3,250 in 2020. What was the single greatest contributor to this increase? Identify one item in the above statement that seems counter intuitive and explain exactly why you consider it unusual.

Answer rating: 100% (QA)

The single greatest contributor to the increase in Cash Flow from Financing A... View the full answer