Question

Burich Co. reported short-term borrowings of $2.80 million, long-term borrowings of $6.83 million, repayments of long-term...

Burich Co. reported short-term borrowings of $2.80 million, long-term borrowings of $6.83 million, repayments of long-term borrowings of $3.65 million, interest payments of $780,300, purchase of common stock shares for treasury of $0.80 million, and cash dividends declared of $1.85 million.

What is the cash flow from financing activities?

$5,180,000 net cash inflow.

$3,330,000 net cash inflow.

$530,000 net cash inflow.

$2,380,000 net cash inflow.

Business   Accounting   
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Answer #1

Answer: $5,180,000 net cash inflow

Explanation

$
Cash Flow from Financing Activities
Proceeds from short-term borrowings      2,800,000.00
Proceeds from long-term borrowings      6,830,000.00
Repayments of long-term borrowings    (3,650,000.00)
Purchase of common stock shares for treasury       (800,000.00)
Net Cash from financing Activities 5,180,000.00
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