Cline Company issued ordinary shares for proceeds of $372,000 during 2011.The company paid dividends of $66,000 and issued a non-current note payable for $90,000 in exchange for equipment during the year.The company also purchased treasury shares that had a cost of $14,000.The financing section of the statement of cash flows will report net cash inflows of

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The net cash inflows from financing activities are calculated as proceeds from issuing shares ($372,000) minus dividends paid ($66,000) minus the cost of treasury shares purchased ($14,000), resulting in $292,000. The note payable for equipment is a non-cash transaction and does not affect cash flows.

Cline Company Issued Ordinary Shares for Proceeds of $372,000 During