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Concord Company issued common stock for proceeds of $382000 during 2016. The company paid dividends of $75000 and issued a long-term note payable for $94000
Concord Company issued common stock for proceeds of $382000 during 2016. The company paid dividends of $75000 and issued a long-term note payable for $94000 in exchange for equipment during the year. The company also purchased treasury stock that had a cost of $17000. The financing section of the statement of cash flows will report net cash inflows of
$290000.
$365000.
$307000.
$474000.
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