QS 1210 Computing cash flows from financing LO P3 Additional

QS 12-10 Computing cash flows from financing LO P3 Additional short-term borrowings $ 20,000 Purchase of short-term investments 5,000 Cash dividends paid 16,000 Interest paid 8,000 Compute cash flows from financing activities using the above company information. (Amounts to be deducted should be indicated by a minus sign.)

Solution

Financing Activities Additional short-term borrowings $20,000 Cash dividends paid ($16,000) Cash provided by financing activities $4,000