Answered: During the month of September, Fin Nova… | bartleby

Financial Accounting Intro Concepts Meth/Uses

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter6: Statement Of Cash Flows

Section: Chapter Questions

Problem 14E

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Kindly help me with this financial accounting questions not use chart gpt please fast given solution

During the month of September, Fin Nova Inc. had the
following transactions:
1. Revenues of $150,000 were earned and received in
cash.
2. Dividends of $10,000 were paid to shareholders.
3. A $35,000 loan was taken from the bank.
4. $50,000 worth of bonds were repaid.
5. New common stock was issued for $40,000 in cash.
What amount should be reported as net cash flows from
financing activities in the September statement of cash
flows?

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