True Blue Company increased its investments in marketable se

True Blue Company increased its investments in marketable securities by $323,370 and paid $1,220,231 for new fixed assests during 2014. The company also repaid $779,200 of existing long-term debt while raising $913,455 of new debt capital. In addition True Blue had a net cash inflow of $345,002 from the sale of fixed assests and repurchased stock in the open markets for a total of $56,001. What is the net cash used in investing activities by True Blue? What is the net cash provide by the company\'s financing activities. Kindly explain in details how to work this problem.

Solution

**repayment of old debt by issuing new debt is a non cash transaction