In 2007, XYZ Company had a net loss of $160,000 and reported the following:
Dividends paid: $40,000
Depreciation expense: $30,000
Increase in accounts payable: $15,000
Issuance of stock: $100,000
Retirement of debt: $50,000
Given this data, the net change in cash for 2007 was ______________.
Correct Answer: ($105,000)
Explanation:
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