Question

Whispering Winds Corp. issued common stock for proceeds of $513000 during 2022. The company paid dividends of $91000 and issued a long-term note payable for $345000 in exchange for equipment during the year. The company also purchased treasury stock that had a cost of $75000. The financing section of the statement of cash flows will report net cash inflows of

Answer 1

$347,000

Step-by-step explanation:

Financing Activities are Activities regarding sourcing and repayment of finance.

Also, Consider only transactions or events involving movement of cash.

Cash flow from Financing Activity

Proceeds from Issue of shares $513000

Dividend Paid ($91000)

Purchase of treasury stock ($75000)

Net Cash Provided by Financing Activities $347,000

therefore,

The financing section of the statement of cash flows will report net cash inflows of $347,000.