Question: Would a conversion of a face value $2 million convertible bond for $2 million of common stock most likely be reported in the financing, investing
Would a conversion of a face value $2 million convertible bond for $2 million of common stock most likely be reported in the financing, investing or operating section of the cash flow statement? In 2020, a company using US GAAP made cash payments of $12 million for salaries, $4 million for interest expense, and $8 million for income taxes. Additional information: ($ millions) 2019 Revenue 84 2020 74 Cost of goods sold 36 32 Inventory 72 80 Accounts receivable 44 38 Accounts payable 28 24 Based only on the information given, how much is the company's operating cash flow for 2020
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