COMPUTING NET CASH FLOW FROM FINANCING ACTIVITIES
Hebert Company reported the following information for 2009:
|
Repaid long-term debt
|
$30,000
|
|
Paid interest on note payable
|
1,200
|
|
Issued common stock
|
50,000
|
|
Paid dividends
|
5,000
|
Required:
Compute net cash flow from financing activities.