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Mazaya Company issued ordinary shares for proceeds of R.O.372,000 during 2011. The company paid dividends of R.0.66,000 and issued a non-current note payable for R.0.66,000

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Mazaya Company issued ordinary shares for proceeds of R.O.372,000 during 2011. The company paid dividends of R.0.66,000 and issued a non-current note payable for R.0.66,000 in exchange for equipment during the year. The company also repurchased its own shares (treasury shares) that had a cost of R.0.14,000 for cash. The financing section of the statement of cash flows will report net cash inflows of Select one: a. R.0.306,000. b. R.0.404,000. c.R.O.292,000. d. R.0.358,000

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