Determining Net Cash Flow from Financing Activities

Madison Company reported the following information:

12/31/2023

12/31/2022

Notes payable

Common stock

$95,000

120,000

$75,000

80,000

Retained earnings

20,000

36,000

Madison reported net income of $26,000 for the year ended December 31.

In addition, Madison repaid $29,000 of the notes payable during the year.

Required:

Compute net cash flow from financing activities. Use a minus sign to indicate negative cash flows (outflows).

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Determining Net Cash Flow from Financing Activities Madison Company reported the following information: Notes payable Common stock Retained earnings 12/31/2023 12/31/2022 $95,000 $75,000 120,000 80,000 20,000 36,000 Madison reported net income of $26,000 for the year ended December 31. In addition, Madison repaid $29,000 of the notes payable during the year. Required: Compute net cash flow from financing activities. Use a minus sign to indicate negative cash flows (outflows). X Determining Net Cash Flow from Financing Activities Madison Company reported the following information: Notes payable Common stock Retained earnings 12/31/2023 12/31/2022 $95,000 $75,000 120,000 80,000 20,000 36,000 Madison reported net income of $26,000 for the year ended December 31. In addition, Madison repaid $29,000 of the notes payable during the year. Required: Compute net cash flow from financing activities. Use a minus sign to indicate negative cash flows (outflows). X