Based on the above information, compute net cash flow from financing activities under GAAP?
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Purchase of investments $ 320 Dividends paid 900 Interest paid 360 Additional borrowing from bank 1,050
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Answer:
bank borrowing - a cash inflow: 1,050 divs paid - outflow: (900) net CF Fin'g: 150 (positive number!) int paid is CFOps purchase of investments is CFInvesting if the assets are NOT held for trading (if held for trading it's CFOps)
Simmon Conca at Yahoo! Answers Visit the source
Other answers
= +1,050 -320 -900 -360 = -530 or (530)
funky ninja
Only Dividends paid and Bank borrowing are Financing activties.Net negative 150 cash flow
Don G
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