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-BARSIC- [3]
2 years ago
11

Use the following information to determine this company's cash flows from financing activities.

Business
1 answer:
stira [4]2 years ago
6 0

Answer:

The answer is ($183,000)

Explanation:

This section deals with cash flows used to fund(e.g borrowing and repayment of loans) the business

Statement of cash flow(Partial)

Issued common stock for cash----------------------------------------------------------$74,000

Paid cash dividend-------------- ($13,000)

Paid cash to settle a note payable -----------------------------------------------($125,000)

Paid cash to acquire its treasury stock----------------------------------------($119,000)

Net cash flow from financing activities-----------------------------------------($183,000)

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Data provided in the question:

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