Last year, Rational Co. raised $1,000,000 from an issue of common shares. The company paid off...

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Last year, Rational Co. raised $1,000,000 from an issue of common shares. The company paid off a long-term loan of $500,000 and issued a new debenture loan for $2,500,000. It borrowed $5,000,000 by way of a mortgage on a building it bought for $7,500,000. Required Calculate the cash used in or cash from financing activities. Last year, Rational Co. raised $1,000,000 from an issue of common shares. The company paid off a long-term loan of $500,000 and issued a new debenture loan for $2,500,000. It borrowed $5,000,000 by way of a mortgage on a building it bought for $7,500,000. Required Calculate the cash used in or cash from financing activities.

Answer rating: 100% (QA)

To calculate the cash used in or cash from financing activities we need to consider the cas... View the full answer