What is the net cash flows from financing activities


Problem: Given the following cash transactions relating to Weatherford Company, what is the net cash flows from financing activities, using the direct method? Beginning cash balance is $83,600 and ending cash balance is $20,000. Cash received from customers $38,000 Interest received $2,050 Purchase of 100,000 shares of common stock from Definite Company, for cash $100,000 Paid cash for merchandise $30,000 Received $18,700 for selling treasury stock Received cash for selling old equipment $7,650 Group of answer choices $20,750 $(81,300) $(79,250) $(100,000) $18,700

 

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Accounting Basics: What is the net cash flows from financing activities
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