vision company purchased treasury stock with a cost of $16,000 during 2022. during the year, the company…

vision company purchased treasury stock with a cost of $16,000 during 2022. during the year, the company also paid cash dividends of $20,000 and issued bonds payable for proceeds of $860,000. net cash provided or used by financing activities for 2022 is\no $856,000 net cash inflow.\no $824,000 net cash inflow.\no $840,000 net cash inflow.\no $860,000 net cash outflow.

vision company purchased treasury stock with a cost of $16,000 during 2022. during the year, the company also paid cash dividends of $20,000 and issued bonds payable for proceeds of $860,000. net cash provided or used by financing activities for 2022 is\no $856,000 net cash inflow.\no $824,000 net cash inflow.\no $840,000 net cash inflow.\no $860,000 net cash outflow.

Answer

Explanation:

Step1: Identify cash - inflows and out - flows from financing activities

Cash inflow from issuing bonds = $860,000. Cash outflow from paying dividends = $20,000 and cash outflow from purchasing treasury stock = $16,000.

Step2: Calculate net cash provided or used by financing activities

Net cash = Cash inflows - Cash outflows. Net cash=$860,000-(20,000 + 16,000)=$824,000 (net cash inflow).

Answer:

$824,000 net cash inflow.