Determining Net Cash Flow from Financing Activities Madison Company reported the following information: 12/31/2023 12/31/2022...
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Determining Net Cash Flow from Financing Activities Madison Company reported the following information: 12/31/2023 12/31/2022 Notes payable $95,000 $75,000 Common stock 120,000 80,000 Retained earnings 20,000 36,000 Madison reported net income of $33,000 for the year ended December 31. In addition, Madison repaid $25,000 of the notes payable during the year. Required: Compute net cash flow from financing activities. Use a minus sign to indicate negative cash flows (outflows). $fill in the blank 1
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