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Compute the net cash from financing activities

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Question - Using information provided below for the year 2020.

Opening cash balance for the company - $98,000.

Golden Bay anticipating $1,004,000 as a cash receipt from the sale of goods.

Payment to be made to purchase material was $469,000.

Accounts payable interest amounting to $12,000.

Tax of $136,000 to be paid.

Company selling the stock investment for $1000. Same year company will be purchasing a new plant and equipment for $676,000.

10%, ten-year bonds selling for $300,000 and payment of dividend to its shareholders to be recorded as $36,000.

Compute the net cash from financing activities.

Reference no: EM133168064

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