Madisun Company issued common stock for proceeds of $20000 during 2016. The company paid dividends of $5000. The company also issued a long-term note payable for $35000 in exchange for equipment during the year. The company sold treasury stock that had a cost of $3000 for $9000.
Instructions
Compute net cash flows from financing activities.

Question

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The Answer of Madisun Company issued common stock for proceeds of $20000 during 2016. The company paid dividends of $5000. The company also issued a long-term note payable for $35000 in exchange for equipment during the year. The company sold treasury stock that had a cost of $3000 for $9000.
Instructions
Compute net cash flows from financing activities.

Madisun Company Issued Common Stock for Proceeds of $20000 During