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miskamm [114]
3 years ago
8

Additional short-term borrowings $44,000

Business
1 answer:
Alina [70]3 years ago
6 0

Answer: $‭8,400‬

Explanation:

Financing cashflow relates to transactions concerning debt and equity as these are the capital vehicles for a company. Dividends concern Equity and so are included as a Cash outflow. Interest however, is classified an operating activity.

Cashflow from financing activities;

= Additional short-term borrowings - Cash dividends paid

= 44,000 - 35,600

= $‭8,400‬

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<u>Solution and Explanation:</u>

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1-30 days old    $12,000   3%                            $360

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