Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
look at the image to help me solve the problem
Transcribed Image Text:Vhat is the net cash provided by financing activities? (If an amor
reg.-45 or parentheses e.g. (45).)
Expert Solution
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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