Oakland Company had the following cash flows and other activities for the quarter that ended March 31,
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Question:
Oakland Company had the following cash flows and other activities for the quarter that ended March 31, 2002.
Depreciation expense - $24,000
Paid for land - $75,000
Paid for merchandise - $540,000
Paid for income taxes - $42,000
Paid to employees - $180,000
Paid to owners - $45,000
Paid for rent - $27,000
Received from customers - $840,000
Received from issuing stock - $600,000
Received from the sale of equipment - $30,000
Determine the net cash flow from financing activities.
Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-0470239803
5th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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