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fredd [130]
3 years ago
5

Whispering Winds Corp. issued common stock for proceeds of $513000 during 2022. The company paid dividends of $91000 and issued

a long-term note payable for $345000 in exchange for equipment during the year. The company also purchased treasury stock that had a cost of $75000. The financing section of the statement of cash flows will report net cash inflows of
Business
1 answer:
Oksanka [162]3 years ago
8 0

Answer:

$347,000

Explanation:

Financing Activities are Activities regarding sourcing and repayment of finance.

Also, Consider only transactions or events involving movement of cash.

<u>Cash flow from Financing Activity</u>

Proceeds from Issue of shares                                $513000

Dividend Paid                                                            ($91000)

Purchase of treasury stock                                      ($75000)

Net Cash Provided by Financing Activities           $347,000

therefore,

The financing section of the statement of cash flows will report net cash inflows of $347,000.

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