a company issued 20,000 shares of $1 par common stock for $35 per share during 2022. the company paid dividends of $25,000 and issued long-term notes payable of $275,000 during the year. what amount of cash flow from financing activities will be reported on the statement of cash flows?

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19-12-2022
Business

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a company issued 20,000 shares of $1 par common stock for $35 per share during 2022. the company paid dividends of $25,000 and issued long-term notes payable of $275,000 during the year. what amount of cash flow from financing activities will be reported on the statement of cash flows?

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qwcricket qwcricket · Answer 1 · 2022-12-25T05:18:02-05:00

The net Cash flow from Financing activities is $9,50,000

The cash flow statement's financing activity focuses on how a company obtains capital and returns it to investors via capital markets. Along from paying cash dividends, adding or altering debts, and issuing and reselling more stock, these actions also include these.

Determining the value of the common stock -

Total number of shares x price per share

= 20,000 × 35

= 7,00,000

Calculating the cash flow from Financing activities -

Issue of common stock + Issue of long-term notes payable - Dividend paid

= 7,00,000 + 2,75,000 - 25,000

= 9,75,000 - 25000

= 9,50,000

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