Question: Brief Exercise 11-31 (Algorithmic) Determining Net Cash Flow from Financing Activities Madison Company reported the following information: Madison reported net income of $30,000 for the

Brief Exercise 11-31 (Algorithmic) Determining Net Cash Flow from Financing Activities

Brief Exercise 11-31 (Algorithmic) Determining Net Cash Flow from Financing Activities Madison Company reported the following information: Madison reported net income of $30,000 for the year ended December 31, 2019. In addition, Madison repaid $60,000 of the notes payable during 2019 . Required: Compute net cash flow from financing activities. Use a minus sign to indicate negative cash flows (outflows). $

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