Calculate the cash flow from financing activities for Black Corporation based on below data:

Net Income $965,000

Sale of previously repurchased shares 45,000

Depreciation Expense 330,500

Increase in Accounts Receivables 85,700

Decrease in Investment in Bonds 400,000

Investment in property 860,000

Purchase of equipment 350,000

Increase in Accounts Payable 9,200

Decrease in inventory 260,000

Increase in Accrued Liabilities 75,000

Increase in Prepaid Expenses 32,000

Decrease in Long-Term Investments 140,000

Increase in Common Shares 65,000

Gain on sale of Land 43,000

Purchase of Land 120,000

Increase in Bonds Payable 300,000

Dividends paid 120,000

Answer rating: 100% (QA)

CASHFLOW STATEMENT 9ndirect method PARTICULARS 4 TOTAL AOPERATIN... View the full answer