CengageNOWv2|0 X 0Mail - West, Grace K X M Your Irn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook Calculator Brief Exercise 11-31 (Algorithmic) Determining Net Cash Flow from Financing Activities Madison Company reported the following information: 12/31/2019 12/31/2018 Notes payable $95,000 $75,000 Common stock 120,000 80,000 Retained earnings 20,000 36,000 Madison reported net income of $40,000 for the year ended December 31, 2019. In addition, Madison repaid $32,000 of the notes payable during 2019. Required: Compute net cash flow from financing activities. Use a minus sign to indicate negative cash flows (outflows). 6:22 PM 4/29/202 DELL Home "R PrtScr Insert End F3 F4 F5 F6 F7 F8 F10 F11 F12 2$ & 8 %3D н к ト
CengageNOWv2|0 X 0Mail - West, Grace K X M Your Irn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook Calculator Brief Exercise 11-31 (Algorithmic) Determining Net Cash Flow from Financing Activities Madison Company reported the following information: 12/31/2019 12/31/2018 Notes payable $95,000 $75,000 Common stock 120,000 80,000 Retained earnings 20,000 36,000 Madison reported net income of $40,000 for the year ended December 31, 2019. In addition, Madison repaid $32,000 of the notes payable during 2019. Required: Compute net cash flow from financing activities. Use a minus sign to indicate negative cash flows (outflows). 6:22 PM 4/29/202 DELL Home "R PrtScr Insert End F3 F4 F5 F6 F7 F8 F10 F11 F12 2$ & 8 %3D н к ト
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:CengageNOWv2|0 X
0Mail - West, Grace K X
M Your
Irn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false
eBook
Calculator
Brief Exercise 11-31 (Algorithmic)
Determining Net Cash Flow from Financing Activities
Madison Company reported the following information:
12/31/2019
12/31/2018
Notes payable
$95,000
$75,000
Common stock
120,000
80,000
Retained earnings
20,000
36,000
Madison reported net income of $40,000 for the year ended December 31, 2019. In addition, Madison repaid $32,000 of the notes payable
during 2019.
Required:
Compute net cash flow from financing activities. Use a minus sign to indicate negative cash flows (outflows).
6:22 PM
4/29/202
DELL
Home
"R
PrtScr
Insert
End
F3
F4
F5
F6
F7
F8
F10
F11
F12
2$
&
8
%3D
н
к
ト
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