Question

Selected information from Jacklyn Hyde Corporation's accounting records and financial statements for 2021 is as follows ($ in millions): Cash paid to retire notes $ 94 Common shares acquired for treasury 154 Proceeds from issuance of preferred stock 218 Proceeds from issuance of subordinated bonds 274 Cash dividends paid on preferred stock 77 Cash interest paid to bondholders 107 In its statement of cash flows, Jacklyn Hyde should report net cash inflows from financing activities of: Multiple Choice $325 million. $167 million. $218 million. $64 million.

Answer 1

Answer:

$167 million

Explanation:

Particulars                                                             Amount ($ millions)

Cash paid to retire note                                              -94

Less: Common shares acquired for treasury            -154

Add: Proceeds from issue of preferred stock            218

Add: Proceeds from issue of subordinated bonds    274

Less: Cash dividends paid on preferred stock          -77

Net cash from financing activities                             167

Note: Cash interest paid to bondholders belongs to Operating activity