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In preparing Grafton Inc.s statement of cash flows for the year ended December 31, 2019, the following information was available: Issue note receivable $515,000 Issuing
In preparing Grafton Inc.s statement of cash flows for the year ended December 31, 2019, the following information was available:
Issue note receivable | $515,000 |
Issuing new bonds payable | 660,000 |
Issuing new notes payable | 900,000 |
Purchase of treasury stock | 150,000 |
What amount should be reported on Graftons statement of cash flows for net cash flows from financing activities?
$1,410,000
$750,000
($810,000)
$240,000
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