Skysong, Inc. issued 16400 shares of $1 par common stock for $40 per share during 2022 The company paid dividends of $39000 and issued long-term notes payable of $361000 during the year. What amount of cash flows from financing activities will be reported on the statement of cash flows?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Skysong, Inc. issued 16400 shares of $1 par common stock for $40 per share during 2022. The company
paid dividends of $39000 and issued long-term notes payable of $361000 during the year. What amount
of cash flows from financing activities will be reported on the statement of cash flows?
Transcribed Image Text:Skysong, Inc. issued 16400 shares of $1 par common stock for $40 per share during 2022. The company paid dividends of $39000 and issued long-term notes payable of $361000 during the year. What amount of cash flows from financing activities will be reported on the statement of cash flows?
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