Question: Preparing the Cash Flow from Financing Activities Section Gomez Corp. reported the following items for the year ended December 31. Item Dec 31 Purchased
Preparing the Cash Flow from Financing Activities Section Gomez Corp. reported the following items for the year ended December 31. Item Dec 31 Purchased an investment in debt securities (long-term) for cash $ 30,000 Sold equipment for cash, previously used in operations 25,000 Paid cash for dividends 10,000 Issued common stock for cash 100,000 Retired a 10-year bond payable by repaying the face value at maturity 80,000 Sold investment in equity securities (held for one-year) 11,000 Borrowed cash by signing a nine-month note payable 15,000 8,000 Extended a loan to a customer for a building expansion Use a negative sign with your answer to indicate a cash outflow, if applicable. Calculate net cash from financing activities for the year ended December 31. $ (15,000) x
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