Question 27
1.2 pts
Kanet Company issued common stock for proceeds of $386,000 during 2017. The company paid dividends of $80,000 and
issued a long-term note payable for $95,000 in exchange for equipment during the year. The company also purchased
treasury stock that had a cost of $15,000. The financing section of the statement of cash flows will report net cash inflows of
? $481,000.
? $291,000.
? $306,000.
? $371,000.