Determining Net Cash Flow from Financing Activities Madison Company reported the following information:   12/31/2019 12/31/2018 Notes payable $95,000   $75,000   Common stock 120,000   80,000   Retained earnings 20,000   36,000     Madison reported net income of $26,000 for the year ended December 31, 2019. In addition, Madison repaid $35,000 of the notes payable during 2019. Required: Compute net cash flow from financing activities.

Cornerstones of Financial Accounting
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ISBN:9781337690881
Author:Jay Rich, Jeff Jones
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Chapter11: The Statement Of Cash Flows
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Determining Net Cash Flow from Financing Activities

Madison Company reported the following information:

  12/31/2019 12/31/2018
Notes payable $95,000   $75,000  
Common stock 120,000   80,000  
Retained earnings 20,000   36,000  

 

Madison reported net income of $26,000 for the year ended December 31, 2019. In addition, Madison repaid $35,000 of the notes payable during 2019.

Required:

Compute net cash flow from financing activities.

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