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FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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ing Term
During 2022, the company we work for reported the following:
Sale of our own stock
cements
130
ents
Gain on sale of land
15
Proceeds from sale of land
35
Hill
Borrowed cash from bank
47
Purchase of equipment for cash
57
Purchase of another company's stock
Dividends received from investments
12
Paid interest on debts
22
Repayment of old debt
What will the company report for financing cash flow for 2022? Enter
your answer as a positive or negative accordingly.
Transcribed Image Text:ing Term During 2022, the company we work for reported the following: Sale of our own stock cements 130 ents Gain on sale of land 15 Proceeds from sale of land 35 Hill Borrowed cash from bank 47 Purchase of equipment for cash 57 Purchase of another company's stock Dividends received from investments 12 Paid interest on debts 22 Repayment of old debt What will the company report for financing cash flow for 2022? Enter your answer as a positive or negative accordingly.
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