Question: Preparing the Cash Flow from Financing Activities Section Gomez Corp. reported the following items for the year ended December 31, 2020. Item Purchased an

Preparing the Cash Flow from Financing Activities Section Gomez Corp. reported the

Preparing the Cash Flow from Financing Activities Section Gomez Corp. reported the following items for the year ended December 31, 2020. Item Purchased an investment in debt securities (long-term) for cash Dec 31, 2020 $ 18,000 Sold equipment for cash, previously used in operations 15,000 Paid cash for dividends 6,000 Issued common stock for cash 60,000 Retired a 10-year bond payable by repaying the face value at maturity 48,000 Sold investment in equity securities (held for one-year) 6,600 Borrowed cash by signing a nine-month note payable 9,000 4,800 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, 2020. $ 34,800 x

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