Pharoah Company issued common stock for proceeds of 21,700...

Pharoah Company issued common stock for proceeds of $21,700 during 2022. The company paid dividends of $6,700. The company also issued a long-term note payable for $36,700 in exchange for equipment during the year. The company sold treasury stock that had a cost of $4,700 for $10,700. Compute net cash flows from financing activities. Net cash flows from financing activities $

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Net cash flows from financing activities can be computed by adding or subtracting the cash flows related to financing activities. In this case, we have the following cash flows: 1. Proceeds from the issuance of common stock: $21,700 2. Dividends paid: -$6,700 (negative because it represents an outflow of cash) 3. Proceeds from the issuance of long-term note payable: $36,700 4. Cash received from the sale of treasury stock: $10,700 To compute the net cash flows from financing activities, we add the positive cash flows and subtract the negative cash flows: Net cash flows from financing activities = Proceeds from issuance of common stock + Proceeds from issuance of long-term note payable + Cash received from sale of treasury stock - Dividends paid Net cash flows from financing activities = $21,700 + $36,700 + $10,700 - $6,700 Note: The square root symbol is not applicable in this calculation.

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