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Madisun Company issued common stock for proceeds of $20,000 during 2017. The company paid dividends of $5,000. The company also issued a long-term note payable for $35,000 in exchange for equipment during the year. The company sold treasury stock that had a cost of $3,000 for $9,000 Compute net cash flows from financing activities. Net cash flows from financing activities

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hyderali230

Answer:

Net cash flows from financing activities is $24,000

Explanation:

The net cash flow of funding a company is called cash flow from financing activities. It includes the cash flows relating to equity and liabilities.

Cash flows:

Inflows

Stock proceeds = $20,000

Treasury stock proceeds = $9,000

Outflow

Dividend payment = $5,000

Net cash flows = $20,000 + $9,000 - $5,000 = $24,000

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