Question: Cornerstone Exercise 11-21 (Algorithmic) Determining Net Cash Flow from Financing Activities Hebert Company reported the following information for 2019: Repaid long-term debt $52,000 Paid interest

Cornerstone Exercise 11-21 (Algorithmic) Determining Net Cash Flow from Financing Activities

Hebert Company reported the following information for 2019:

Repaid long-term debt $52,000
Paid interest on note payable 1,320
Issued common stock 47,600
Paid dividends 12,000

Required:

Compute net cash flow from financing activities. Use a minus sign to indicate negative cash flows (outflows). $fill in the blank 1

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