Question

Use the following data to compute net cash flows from financing activities.

Cash paid for dividends	($10,000)
Cash paid for income taxes	($15,000)
Cash paid for interest expense	($5,000)
Cash paid for salaries	($400,000)
Cash paid to loan funds to a top manager	($100,000)
Cash paid to purchase inventory	($50,000)
Cash paid to purchase investments	($120,000)
Cash paid to purchase machinery	($150,000)
Cash paid to purchase treasury stock	($25,000)
Cash paid to repay principal on a bank loan	($100,000)
Cash received for interest and dividends earned	$6,000
Cash received for loan repayment from manager	$100,000
Cash received from a bank loan	$100,000
Cash received from customers	$750,000
Cash received on the sale of a building	$250,000
Cash received on the sale of an investment	$10,000
Cash received on the sale of our company's stock	$120,000

Answer 1

Cash flow from financing activities:
Cash paid for dividends	($10,000)
Cash paid to purchase treasury stock	($25,000)
Cash paid to repay principal on a bank loan	($100,000)
Cash received from a bank loan	$100,000
Cash received on the sale of our company's stock	$120,000
Net cash flows from financing activities	$85,000