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Cline Company issued common stock for proceeds of $186,000 during 2007. The company paid dividends of $33,000 and issued a long-term note payable for $45,000 in exchange for equipment during the year. The company also purchased treasury stock that had a cost of $7,000. The financing section of the statement of cash flows will report net cash inflows of:

a. $146,000.

b. $202,000.

c. $153,000.

d. $179,000.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9404527

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