In preparing a company's statement of cash flows for the year just ended,the following information is available:
Net cash flows from financing activities for the year were:
A)$130,000 of net cash used by financing activities.
B)$165,000 of net cash used by financing activities.
C)$222,000 of net cash used by financing activities.
D)$88,000 of net cash used by financing activities.
E)$206,000 of net cash used by financing activities.

Question

In preparing a company's statement of cash flows for the year just ended,the following information is available:
 Net cash flows from financing activities for the year were:
A)$130,000 of net cash used by financing activities. 
B)$165,000 of net cash used by financing activities. 
C)$222,000 of net cash used by financing activities. 
D)$88,000 of net cash used by financing activities. 
E)$206,000 of net cash used by financing activities.

Quizplus · Accepted Answer

Repayment of outstanding bonds $(87,000)
Purchase of treasury stock (62,000)
Issuance of common stock 96,000
Payment of cash dividends (35,000)
$(88,000)

In Preparing a Company's Statement of Cash Flows for the Year