ABC Company had the following information December 31, 2022 December 31, 2021 Note Payable $75,000 $55,000 Common Shares 120,000 80,000 Retained Earnings 30,000 26,000 ABC company reported net income of $16, 000 for 2022 ABC repaid 35,000 of notes payable during 2022 Required Compute the net cash f...

Notes payable beginning balance as of December 31 2021 55000 Co ...

ABC Company had the following information: December 31, 2022 December 31, 2021 Note Payable $75,000 $55,000 Common

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ABC Company had the following information:

	December 31, 2022	December 31, 2021
Note Payable	$75,000	$55,000
Common Shares	120,000	80,000
Retained Earnings	30,000	26,000

ABC company reported net income of $16, 000 for 2022. ABC repaid 35,000 of notes payable during 2022.

Required: Compute the net cash flow from financing activities.

Related Book For answer-question

Advanced Accounting

ISBN: 978-1305084858

12th edition

Authors: Paul M. Fischer, William J. Tayler, Rita H. Cheng

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Posted Date: Jan 26, 2024 12:07 AM

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ABC Company had the following information: December 31, 2022 December 31, 2021 Note Payable $75,000 $55,000 Common

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Advanced Accounting

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