Trident Manufacturing Company's treasurer identified the following cash flows during this year as significant. It had repaid existing debt to the tune of $425,110, while raising additional debt capital of $750,000. It also repurchased shares in the open markets for a total of $63,250. It paid $233,144 in dividends to its shareholders. What is the net cash provided by financing activities?

Question

Quizplus · Accepted Answer

The net cash provided by financing activities is calculated as: Additional debt raised ($750,000) - Debt repaid ($425,110) - Shares repurchased ($63,250) - Dividends paid ($233,144) = $28,496.

Trident Manufacturing Company's Treasurer Identified the Following Cash Flows During