The accountant for Earth Institute, Inc. determined the cash flow for several transactions to be as follows:

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The accountant for Earth Institute, Inc. determined the cash flow for several transactions to be as follows:

Payment to pay off notes payable .................................$175,000

Proceeds from issuance of bonds payable .......................615,000

Payment to purchase equipment ......................................255,000

Payment of wages .............................................................95,000

Payment of dividends .....................................................135,000

On the basis of the above transactions alone, determine the net cash flow from financing activities.

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Related Book For  book-img-for-question

College Accounting A Contemporary Approach

ISBN: 978-0077639730

3rd edition

Authors: David Haddock, John Price, Michael Farina

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