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?

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

Section: Chapter Questions

Problem 1Q

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Concept explainers

Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.

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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?

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