Answer: In preparing a company's statement of cash flows for the most recent year, Ransom Corp. reported the following information: Repayment of outstanding bonds $107,000 Purchase of treasury stock $62,000 Issuance of common stock $46,000 Payment of cash dividends $15,000 Net cash flows from financing activities for the year were $138,000.
Explanation:
Repayment of outstanding bonds ($107,000)
Purchase of treasury stock (62,000)
Issuance of common stock 46,000
Payment of cash dividend (15,000)
Net cash used by financing activities = $107,000 plus $62000 minus $46,000 plus $15,000 equals $138,000.
