RELEASSIgnmentSessionLocator=&inprogress=false eBook Brief Exercise 11-31 (Algorithmic) Determining Net Cash Flow from Financing Activities Madison Company...
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RELEASSIgnmentSessionLocator=&inprogress=false eBook Brief Exercise 11-31 (Algorithmic) Determining Net Cash Flow from Financing Activities Madison Company reported the following information: 12/31/2018 Notes payable Common stock Retained earnings 12/31/2019 595,000 120,000 20.000 $75,000 30,000 36,000 Madison reported net income of $35,000 for the year ended December 31, 2015. In addition, Madison repaid $20,000 of the notes payable during 2019. Required: Compute net cash flow from financing activities. Use a minus sign to indicate negative cash flows (outflows)
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