I am having question regarding the “-” or “+” on a financing activities, see question two in reading 35’s practice on EOC
Financing activities
Notes payable$(10)
Long-term financing issuances(40)
The question is to calculate FCFE, which means adding the net borrowing during the period, the answer added 50 as financing from net borrowing, i am confused, if it is negative, shouldnt it be reduction of debt thus deduct the total financing? why is negative item on notes payable and financing issuance is shown as borrowing, whats the rule here??