Burich Co. reported short-term borrowings of $2.5 million, long-term borrowings of $6.8 million, repayments of long-term borrowings of $3.5 million, interest payments of $780,000, purchase of common stock shares for treasury of $.5 million, and cash dividends declared of $1.1 million. What is the cash flow from financing activities

$5,300,000 net cash inflow

Explanation:

The following can be gotten from the question:

Short-term borrowings = $2.5 million, Long-term borrowings = $6.8 million

Repayments of long-term borrowings = $3.5 million

Interest payments = $780,000, Purchase of common stock shares for treasury = $0.5 million

Cash dividends declared = $1.1 million.

The cash flow from financing activities will be:

Short-term borrowings = $2.5 million, Add: long-term borrowings = $6.8 million

Less: Repayments of long-term borrowings = $3.5 million

Less: Treasury stock purchase = $0.5 million

= (2.5 + 6.8) - (3.5 + 0.5)

= $9.3million - $4 million

= $5.3 million

b

explanation:

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