Novak Corp. issued 24400 shares of $1 par common stock for $40 per share during 2022. The company paid dividends of $59000 and issued long-term notes payable of $537000 during the year. What amount of cash flows from financing activities will be reported on the statement of cash flows

The amount of cash flow that will be reported from Financing activities is $1,454,000 Net cash Inflow

Explanation:

Computation of Novak Corporation cash flows from Financing Activities.

Particulars Amount

Cash Inflow from issue of Common stock $976,000

(24,400 * $40)

Cash Inflow from issue of Notes Payable $537,000

$1,513,000

Less: Dividends Paid (-$59,000)

Net cash Inflow from Financing Activities $1,454,000