Reference no: EM133090493
Question - Snoopy Company has provided the following information for the year ended December 31, 2016:
Interest expense was $21,000
Cash paid for interest, $20,000
Cash paid for dividends, $6,000
Cash dividends received, $4,000
Cash proceeds from new bank loan, $29,000
Cash paid for principal on bonds that matured, $10,000
Cash purchase of treasury stock, $11,000
Cash paid for equipment purchase, $27,000
Cash received from issuance of common stock, $37,000
Cash received from sale of land with a $32,000 book value, $25,000
Required - How much was Snoopy's net cash flow from financing activities?
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