Homework Answers
Cash from Financing Activities
Repayment of notes.........-37000
Issue of Common Stock......40000 (180000-80000)
Issue of Notes.........57000 (75000-37000-95000)
Net Cash Flow from Financing Activities..........60000
Notes
Notes payable beginning balance = 75000
Bonds repaid = 37000
Balance after repayment should have been = 75000-37000 = 38000
But the balance is 95000. This means the company issued additional notes payable for 95000-38000 = $57000
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