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Crane Company issued common stock for proceeds of $389000 during 2019. The company paid dividends of $88000 and issued a long-term note payable for $96000 in exchange for equipment during the year. The company also purchased treasury stock that had a cost of $17000. The financing section of the statement of cash flows will report net cash inflows of

Sagot :

abiolataiwo2015

Answer:

$284,000

Explanation:

Calculation to determine what The financing section of the statement of cash flows will report net cash inflows of

Using this formula

Net cash inflows=Common stock-Dividends-Treasury stock

Let plug in the formula

Net cash inflows= $389000-$88000 -$17000

Net cash inflows=$284,000

Therefore The financing section of the statement of cash flows will report net cash inflows of $284,000

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