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Calculate the net cash flow from financing activities

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Reference no: EM132166174

Question - Gloria Company reported the following transactions for 2016:

1. Sold equipment for $22,000.

2. Received $2,000 in dividends on investments

3. Acquired a building with a market value of $250,000 by issuing 20,000 shares of common stock.

4. Made a loan of $2,000 to a customer.

5. Paid back Notes payable for $5,000, and paid interest of $1,000.

6. Reacquired 300 shares of its own common stock at $20 per share

7. Purchased equipment costing $30,000, by making a cash down payment of $20,000 and signing a note for the remaining $10,000.

Calculate the net cash flow from financing activities in the Statement of Cash Flows?

Reference no: EM132166174

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