Vhat is the net cash provided by financing activities? (If an amor reg.-45 or parentheses e.g. (45).)

Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter14: Statement Of Cash Flows
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Vhat is the net cash provided by financing activities? (If an amor
reg.-45 or parentheses e.g. (45).)
Transcribed Image Text:Vhat is the net cash provided by financing activities? (If an amor reg.-45 or parentheses e.g. (45).)
Expert Solution
Step 1

SOLUTION:

Financing Activities:-

Existing debt repaid      $315,200

Debt issued                   $648,100

Repurchase of Stock     $45,270

 

Net Cash=Debt Issued - Existing debt repaid($315,200) +Repurchase of Stock ($45,270) 

              =$648,100 -360,470

              =$287630

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