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Additional short-term borrowings $20,000
Purchase of short-term stock investments 5,100
Cash dividends paid $16,400
Interest paid 8,200

Compute cash flows from financing activities using the above company information. (Amounts to be deducted should be indicated by a minus sign.)

Respuesta :

Answer:

Cash provided by the financing activities $3,600

Explanation:

The computation of the cash flows from financing activities is as follows;

Cash flows from financing activities

Additional short-term borrowings $20,000

Less cash dividend paid -$16,400

Cash provided by the financing activities $3,600

The purchase of short term stock should be shown in the investing activities while on the other hand the interest paid is to be shown in the operating activities

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