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goblinko [34]
2 years ago
15

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

Business
1 answer:
ludmilkaskok [199]2 years ago
7 0

Answer: Net cash used/ spent was $193,000

Explanation:

Cash from Financing activities involves cash transactions in relation to Equity (including dividends paid) and long term debt as these are the chief providers of cash to finance the business.

Cash from financing activities is:

= Issuance of common stock - Dividend - Settlement of Note payable - Treasury stock purchase

= 73,000 - 18,000 - 130,000 - 118,000

= -$193,000

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