Question

urrent Attempt in Progress Wildhorse Chemicals management identified the following cash flows as significant in its year-end meeting with analysts: During the year Wildhorse had repaid existing debt of $317,900 and raised additional debt capital of $645,200. It also repurchased stock in the open market for a total of $44,750. What is the net cash provided by financing activities

Answer 1

$282,550

Step-by-step explanation:

Calculation to determine the net cash provided by financing activities

Using this formula

Net cash provided by financing activities= Additional debt capital -Repaid existing debt- Repurchased stock

Let plug in the formula

Net cash provided by financing activities=$645,200-$317,900-$44,750

Net cash provided by financing activities=$282,550

Therefore the net cash provided by financing activities is $282,550