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kifflom [539]
3 years ago
14

Selected information from Vaughn Manufacturing's 2018 accounting records is as follows:

Business
1 answer:
Luda [366]3 years ago
4 0

Answer:

option B is correct,$2846000

Explanation:

The cash provide by financing activities as at 31st December 2018 comprised of proceeds from stock issuance (both from stockholders as well as the officers and employees of the company),with the proceeds of cash received from issuance of bonds,less cash dividends to common stockholders and preferred ones and finally deducting the cash used in purchasing treasury stock

net cash flows provided by financing activities=$803,000+$2,490,000-$283,000-$124,000-$233,000+$193,000

              =$2846000

The correct option is B as it reflects the exact amount of cash resources generated from providers of company finance

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