Exercise 11.11 – Calculate Net Cash Flows from Financing Activities
Financial Accounting
Spiceland, Thomas, and Herrman
06th Edition
Calculate the net cash flows from financing activities for Marigold. Include cash received from collections from customers, interest on notes receivable, collection of notes receivable, sale of investments, and issuance of notes payable. Also include cash paid for the purchase of inventory, interest on notes payable, purchase of equipment, salaries to employees, payment of notes payable, and dividends to shareholders. Make sure to indicate amounts to be deducted with a minus sign.