Question

Skysong, Inc. purchased treasury stock with a cost of $43500 during 2017. During the year, the company paid dividends of $15800 and issued bonds payable for proceeds of $692000. Cash flows from financing activities for 2017 total

a. $59300 net cash outflow.

b. $632700 net cash inflow.

c. $719700 net cash inflow.

d. $676200 net cash inflow.

Answer 1

Answer:B) $632,700 net Cash infows

Cash Flows From Financing Activity

= Cash in Flows From BOnds Proceeds - Cash outflow for Treasury stock - Dividend Paid

= 692,000-43,500-15,800 = $632,700 (Answer)