Solution-What was the amount of cash flows from financing

What was the amount of cash flows from financing activities

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Reference no: EM132906337

Problem - The Statement of Cash Flows for Roll Tide Company for the current year contained the following:

Cash received from customers $10,000

Cash used for purchase of equipment $40,000

Cash received for stock issuance $32,000

Cash used for payments to suppliers & employees $5,000

Cash dividends paid to stockholders $3,000

Cash borrowed from bank (to be repaid in 10 years) $21,000

The change in cash for the current year was an increase of $13,000, and net income for the period was $22,500. What was the amount of cash flows from (used in) financing activities (enter your answer without a dollar sign, decimal point, or comma)?

Reference no: EM132906337

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What was the amount of cash flows from financing activities

Reference no: EM132906337

Reference no: EM132906337

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