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Metlock, Inc. issued common stock for proceeds of $502000 during 2022. The company paid dividends of $89000 and issued a long- term note payable for $338000 in exchange for equipment during the year. The company also purchased treasury stock that hada cost of $73000. The financing section of the statement of cash flows will report net cash inflows of O $678000. O $340000. O $751000. O $413000.

Metlock, Inc. issued common stock for proceeds of $502000 during 2022. The company paid dividends of $89000 and issued a long- term note payable for $338000 in exchange for equipment during the year. The company also purchased treasury stock that hada cost of $73000. The financing section of the statement of cash flows will report net cash inflows of O $678000. O $340000. O $751000. O $413000.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Current Attempt in Progress Metlock, Inc. issued common stock for proceeds of $502000 during 2022. The company paid dividends of $89000 and issued a long- term note payable for $338000 in exchange for equipment during the year. The company also purchased treasury stock that had a cost of $73000. The financing section of the statement of cash flows will report net cash inflows of O $678000. O $340000. O $751000. O $413000.
Transcribed Image Text:Current Attempt in Progress Metlock, Inc. issued common stock for proceeds of $502000 during 2022. The company paid dividends of $89000 and issued a long- term note payable for $338000 in exchange for equipment during the year. The company also purchased treasury stock that had a cost of $73000. The financing section of the statement of cash flows will report net cash inflows of O $678000. O $340000. O $751000. O $413000.
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