Question
Hi, I'm having a lot of difficulty solving this, and it would be great if someone could help! Burich Company reported short-term borrowings of $4.70
Hi, I'm having a lot of difficulty solving this, and it would be great if someone could help!
Burich Company reported short-term borrowings of $4.70 million, long-term borrowings of $7.02 million, repayments of long-term borrowings of $4.60 million, interest payments of $782,200, purchase of common stock shares for treasury of $2.70 million, and cash dividends declared of $6.60 million.
What is the cash flow from financing activities?
Multiple Choice
$6,880,000 net cash inflow.
$4,420,000 net cash inflow.
$2,180,000 net cash inflow.
$280,000 net cash inflow.
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