Carla Vista Chemicals management identified the following cash flows as significant in its year-end meeting with analysts: During the year Carla Vista had repaid existing debt of $313,400 and raised additional debt capital of $649,200. It also repurchased stock in the open market for a total of $44,170. What is the net cash provided by financing activities

$291,630

Explanation:

The computation of the net cash provided by financing activities is shown below:

Cash flow from financing activities

Less: Existing debt repaid -$313,400

Add: Raised additional debt capital $649,200

Less: Repurchased stock in the open market - $44,170

Net cash provided by financing activities $291,630

We added the additional debt capital and the rest items are deducted

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