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

Question

Quizplus · Accepted Answer

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

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