I am looking at a cash flow statement on the FCFE/FCFF section of equity (EOC problem #2).
Note payable and long term debt issuance are negative (which would indicate a cash payout) however, the amounts are actually indicative of cash proceeds (as per the answer in the back).
Then on the investing activities section, it show a purchase of 349 of capex as a postive number.
Shouldn’t the note payable and long term debt issuance (in financing activities) be positive and the 349 of capex be a negative number? That would better indiciate the direction of cash for the company.