During 2009, T Company engaged in the following activities: In T's statement of cash flows, what were net cash outflows from financing activities for 2009?
A)$392.
B)$440.
C)$560.
D)$732.

Question

Quizplus · Accepted Answer

Net cash outflows from financing activities can be calculated by adding the amounts from the "Payments to acquire treasury stock" ($240) and the "Repayments of long-term debt" ($200) and subtracting the amount from "Proceeds from issuance of common stock" ($176).

$240 + $200 - $176 = $264 - $176 = $88

However, the question specifically asks for net cash outflows from financing activities, so we need to look for the option that represents a negative value. Option B is the only one with a negative value of -$440, which represents net cash outflows from financing activities for 2009.

During 2009, T Company Engaged in the Following Activities: in T's