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29 December, 03:36

Additional short-term borrowings $ 56,000 Purchase of short-term stock investments 14,200 Cash dividends paid $ 45,600 Interest paid 22,800 Compute cash flows from financing activities using the above company informatio

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  1. 29 December, 04:17
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    Cash Flows From Financing Activities is $10,400

    Explanation:

    Particulars Amount

    Additional Short Term Borrowing $56,000

    Cash Dividends Paid (-$45,600)

    Cash Flows From Financing Activities $10,400

    We need to observe that the Purchase of Short Term Investments and Interest Paid are Classified as Operating Activities in the Cash Flow Statement., hence the exclusion in the computation above.
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