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Shively Mfg. Co.'s cash flows: Cash received from: Customers $ 3,900 Interest on investments 340 Sale of land 240 Sale of Rowdy's common stock 880

Shively Mfg. Co.'s cash flows:

Cash received from:
Customers $ 3,900
Interest on investments 340
Sale of land 240
Sale of Rowdy's common stock 880
Issuance of debt securities 3,400
Cash paid for:
Interest on debt $ 440
Income tax 220
Debt principal reduction 2,900
Purchase of equipment 6,800
Purchase of inventory 2,400
Dividends on common stock 620
Operating expenses 780

Shively's would report net cash inflows (outflows) from financing activities in the amount of:

Multiple Choice

  • $(1,380).

  • $760.

  • $(540).

  • $1,380.

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