Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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look at the image to help me solve the problem 

Vhat is the net cash provided by financing activities? (If an amor reg.-45 or parentheses e.g. (45).)
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Transcribed Image Text:Vhat is the net cash provided by financing activities? (If an amor reg.-45 or parentheses e.g. (45).)
Expert Solution
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Step 1

SOLUTION:

Financing Activities:-

Existing debt repaid      $315,200

Debt issued                   $648,100

Repurchase of Stock     $45,270

 

Net Cash=Debt Issued - Existing debt repaid($315,200) +Repurchase of Stock ($45,270) 

              =$648,100 -360,470

              =$287630

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