Change in cash due to financing activities
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You are an accountant at evergreen, inc., and your boss has asked you to prepare the company's statement of cash flows for an upcoming shareholders' meeting. He gave you the company's 2009 comparative balance sheet (see attachment)
Calculate the Change in cash due to financing activities =$
**** Note the change in retained earnings was due to net income of $55000 and payments of $7000 of dividends
7000 Notes payable
(20000)Bonds payable
30000 common stock
(7000) Dividends
_________________
$10000 =Calculate the Change in cash due to financing activities
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The solution explains how to calculate the change in cash due to financing activities.
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The change due to financing activities is
Notes Payable -7,000 as the ...
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