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Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
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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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc5f34690-6333-4839-99e5-5679ff10ded5%2F61c3ef02-1146-4bd6-a4aa-6cd4bea34d1a%2Fm8i1r8_processed.jpeg&w=3840&q=75)
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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