Kennel Co.reported short-term borrowings of $2,500,000,long-term borrowings of $6,800,000,repayments of long-term borrowings of $3,500,000,interest payments of $780,000,repurchase of treasury shares of $500,000,cash dividends declared of $1,100,000,and cash dividend payments of $800,000.Kennel also issued their common stock in exchange for a building costing $400,000.How much is the net cash flow from financing activities?

Question

Quizplus · Accepted Answer

The Answer of Kennel Co.reported short-term borrowings of $2,500,000,long-term borrowings of $6,800,000,repayments of long-term borrowings of $3,500,000,interest payments of $780,000,repurchase of treasury shares of $500,000,cash dividends declared of $1,100,000,and cash dividend payments of $800,000.Kennel also issued their common stock in exchange for a building costing $400,000.How much is the net cash flow from financing activities?

Kennel CoReported Short-Term Borrowings of $2,500,000,long-Term Borrowings of $6,800,000,repayments of Long-Term