Question
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
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?
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$4,300,000 net cash inflow.
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$8,050,000 net cash inflow.
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$3,050,000 net cash inflow.
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$700,000 net cash inflow.
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$700,000 net cash inflow.
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$8,050,000 net cash inflow.
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$3,050,000 net cash inflow.
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$4,300,000 net cash inflow.
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