In preparing a company's statement of cash flows for the most recent year, Ransom Corp. reported the following information: Repayment of outstanding bonds $107,000 Purchase of treasury stock $62,000 Issuance of common stock $46,000 Payment of cash dividends $15,000 Net cash flows from financing activities for the year were_________.

Question

02-07-2019
Business

contestada

In preparing a company's statement of cash flows for the most recent year, Ransom Corp. reported the following information: Repayment of outstanding bonds $107,000 Purchase of treasury stock $62,000 Issuance of common stock $46,000 Payment of cash dividends $15,000 Net cash flows from financing activities for the year were_________.

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Аноним Аноним · Answer 1 · 2019-07-14T01:44:40+02:00

Answer: In preparing a company's statement of cash flows for the most recent year, Ransom Corp. reported the following information: Repayment of outstanding bonds $107,000 Purchase of treasury stock $62,000 Issuance of common stock $46,000 Payment of cash dividends $15,000 Net cash flows from financing activities for the year were $138,000.

Explanation:

Repayment of outstanding bonds ($107,000)

Purchase of treasury stock (62,000)

Issuance of common stock 46,000

Payment of cash dividend (15,000)

Net cash used by financing activities = $107,000 plus $62000 minus $46,000 plus $15,000 equals $138,000.