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Laker Company Has Provided the Following Information for Its Most

question 20

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Laker Company has provided the following information for its most recent year of operation:
Cash collected from customers totaled $99,300.
Cash borrowed from banks totaled $42,700.
Cash paid to employees totaled $23,300.
Cash paid for interest totaled $3,100.
Cash received from selling an investment in Husky stock totaled $73,000.
Cash payments to banks for repayment of money borrowed totaled $9,700.
Cash paid for operating expenses totaled $11,200.
Land costing $75,000 was sold for $75,000 cash.
Cash paid for dividend payments to stockholders totaled $7,700.
Calculate Laker's net cash flow from financing activities.


Definitions:

Dynamic Workplace

A work environment characterized by constant change, activity, and progress.

Video Conference

A technology-enabled meeting that allows participants in different locations to see and hear each other via video and audio transmissions.

Immediate Communication

Direct and instant exchange of information between individuals without delay.

Design Change

Modifications made to the appearance, structure, or features of a product or system to improve functionality, efficiency, or aesthetic appeal.

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