Critz Company was started on January 1, 2013 by acquiring $50,000 cash by issue common stock. Critiz also took a loan of $200,000 from the bank. During the year 2013, Critz earned $430,000 revenue and paid $250,400 as expenses. The company paid $10,000 as a cash dividend and $14,000 as interest expense during the year. Cash flow from the financing activities during the year was:

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Critz Company was started on January 1, 2013 by acquiring
$50,000 cash by issue common stock. Critiz also took a loan of
$200,000 from the bank. During the year 2013, Critz earned
$430,000 revenue and paid $250,400 as expenses. The
company paid $10,000 as a cash dividend and $14,000 as
interest expense during the year. Cash flow from the financing
activities during the year was:
Transcribed Image Text:Critz Company was started on January 1, 2013 by acquiring $50,000 cash by issue common stock. Critiz also took a loan of $200,000 from the bank. During the year 2013, Critz earned $430,000 revenue and paid $250,400 as expenses. The company paid $10,000 as a cash dividend and $14,000 as interest expense during the year. Cash flow from the financing activities during the year was:
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