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Burich Co. reported short-term borrowings of $5.00 million, long-term borrowings of $7.05 million, repayments of long-term...

Burich Co. reported short-term borrowings of $5.00 million, long-term borrowings of $7.05 million, repayments of long-term borrowings of $4.75 million, interest payments of $782,500, purchase of common stock shares for treasury of $3.00 million, and cash dividends declared of $7.35 million.

What is the cash flow from financing activities?

  • $4,300,000 net cash inflow.

  • $8,050,000 net cash inflow.

  • $3,050,000 net cash inflow.

  • $700,000 net cash inflow.

  • $700,000 net cash inflow.

  • $8,050,000 net cash inflow.

  • $3,050,000 net cash inflow.

  • $4,300,000 net cash inflow.

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Answer #1

Correct answer--------$4,300,000 net cash inflow.

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Cash flows from Financing activities:
Cash received from short-term borrowings $      5,000,000.00
Cash received from long-term borrowings $      7,050,000.00
Cash paid for repayments of long-term borrowings $    (4,750,000.00)
Cash paid for treasury stock $    (3,000,000.00)
Net cash flow from financing activities $   4,300,000.00

Cash dividend declared is not a cash outflow for financing activities. Cash dividend paid in considered as outflow of cash.

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