Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Vaughn Manufacturing issued 20400 shares of $1 par common stock for $40 per share during 2022. The company paid dividends of $49000 and issued long-term

Vaughn Manufacturing issued 20400 shares of $1 par common stock for $40 per share during 2022. The company paid dividends of $49000 and issued long-term notes payable of $449000 during the year. What amount of cash flows from financing activities will be reported on the statement of cash flows? $1216000 net cash inflow. $359000 net cash inflow. O $719000 net cash outflow. O $12000 net cash inflow. Save for Later Attempts: 0 of 1 used Submit Answer
image text in transcribed
Vaughn Manufacturing issued 20400 shares of $1 par common stock for $40 per share during 2022 . The company paid dividends of $49000 and issued long-term notes payable of $449000 during the year. What amount of cash flows from financing activities will be reported on the statement of cash flows? $1216000 net cash inflow. $359000 net cash inflow, $719000 net cash outflow. $12000 net cash inflow. Attempts: 0 of 1 used

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

why we face Listening Challenges?

Answered: 1 week ago

Question

what is Listening in Context?

Answered: 1 week ago