Flightboat Ltd borrowed $60 000, issued $20 000 worth of ordinary shares, paid a dividend of $50

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Flightboat Ltd borrowed $60 000, issued $20 000 worth of ordinary shares, paid a dividend of $50 000 and the owner withdrew $10 000 in cash. What was Flightboat’s net cash provided (used) by financing activities?

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Accounting Information For Business Decisions Accounting

ISBN: 9780170446242

4th Edition

Authors: Billie Cunningham, Loren A. Nikolai, John Bazley, Marie Kavanagh

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Question Posted: Mar 15, 2024 01:01 AM

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Flightboat Ltd borrowed $60 000, issued $20 000 worth of ordinary shares, paid a dividend of $50

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Accounting Information For Business Decisions Accounting

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