Time remaining: 0:33:01 50. 2.00 points At the beginning of the current year, a

Question

Time remaining: 0:33:01 50. 2.00 points At the beginning of the current year, a company issued stock for $190,000 and borrowed $65,000 from the bank. By the end of the year, the company had provided services of $82,000 for cash, paid employee sala of $32,000, and paid utilities of $18,000. Determine the amount of financing cash flows the company will report in the current year. (Cash outflows should be indicated with a minus sign.) References Exerclse Ditiouty 3 HardLoarning Obictives: 0407 ol ne 11| |: | esc 2 3 4 6

Explanation / Answer

cash flow from financing activities include stock issuance and debt borrowings/payment

cash flow from financing activity = stock issue + debt borrowings

= 190000 + 65000 = 255000

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