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Svengool Inc. financial statements included the following amounts for the current year:    Retired bonds $70,000...

Svengool Inc. financial statements included the following amounts for the current year:

   Retired bonds

$70,000

   Proceeds from collection of note receivable

39,000

   Dividends received

11,000

   Acquired production machinery

59,000

   Sold treasury stock

34,000

Based on this information, what is the amount of net cash flows from financing activities?

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Answer #1
Retired bonds $        (70,000)
Proceeds from collection of note receivable $           39,000
Sold treasury stock $           34,000
Net cash flows from financing activities $             3,000

Dividend Received and acquired production machinery are investing activity.

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