During 20X2, LAL Corp. had the following cash flows: (1) received cash of $5,000 billed to a customer in 20X2; (2) earned $20,000 of net income; (3) paid interest of $6,000 on a corporate bond issue; (4) paid dividends of $8,000 to its stockholders; (5) borrowed $50,000 from a local bank; and (6) purchased its own shares of common stock for $10,000. What is LAL's net cash flows from financing activities for 20X2?

During 20X2, LAL Corp. had the following cash flows: (1) received cash of $5,000 billed to a customer in 20X2; (2) earned $20,000 of net income; (3) paid interest of $6,000 on a corporate bond issue; (4) paid dividends of $8,000 to its stockholders; (5) borrowed $50,000 from a local bank; and (6) purchased its own shares of common stock for $10,000. What is LAL's net cash flows from financing activities for 20X2?

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 11MCQ: Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital...

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You are evaluating the balance sheet for Goodman's Bees Corporation. From the balance sheet you find the following balances: cash and marketable securities = $400,000, accounts receivable = $1,200,000. inventory = $2,100,000, accrued wages and taxes = $500,000, accounts payable = $800,000, and notes payable = $600.000. Calculate Goodman Bees' net working capital. (Enter your answer In dollars not In mlllons. Round your nswer to the neorest dollor amount.) Net working capital es 12:18 PM 62°F Mostly cloudy O # C n 10/30/2021 ype here to search DELL
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