During the month of August, Boyce Company had the following transactions:
(1)Revenues o...
During the month of August, Boyce Company had the following transactions:
(1)Revenues of $120,000 were earned and received in cash.
(2)Bank loans of $18,000 were paid off.
(3)Equipment of $40,000 was purchased with cash.
(4)Expenses of $73,600 were paid.
(5)Stockholders purchased additional shares for $44,000 cash.
A statement of cash flows for August, would report net cash flows from financing activities of:
Answers: 1
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