Selected information from jacklyn hyde corporation's accounting records and financial statements for 2021 is as follows ($ in millions): cash paid to retire bonds $ 30 treasury stock purchased for cash 50 proceeds from issuance of common stock 70 proceeds from issuance of mortgage bonds 90 cash dividends paid on common stock 25 cash interest paid to bondholders 35 on its statement of cash flows, jacklyn hyde should report net cash inflows from financing activities of

$20

Explanation:

‘Cash Flow Statement’ is one of major financial statement that indicates the inflow and outflow of cash along with the reasons by categorizing each cash transaction in three activities i.e., operating, investing or financing activity. Non-cash transactions are not considered while preparing a cash flow statement.

1.Operating Activities records the cash transactions involved in the operations of the business are recorded under ‘operating activities’ in the cash flow statement. Examples: Revenue earned, expenses incurred etc.

2.Investing Activities records the cash transactions that show the changes in long-term investments are recorded under ‘investing activities’ in cash flow statement. Example: Purchase of plant, sale of equipment etc.

3.Financing Activities records the cash transactions that show the changes in the finances or long-term debt of the company are recorded under the ‘financing activities’ in the cash flow statement. Example: Debt paid off, new shares issued etc.

Net cash flow from financing activities section is shown below:

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