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What amount of cash flows from financing activities reported

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Problem 1: Sheffield Corp. issued 21200 shares of $1 par common stock for $40 per share during 2022. The company paid dividends of $51000 and issued long-term notes payable of $466000 during the year. What amount of cash flows from financing activities will be reported on the statement of cash flows?

Option 1: $373000 net cash inflow.
Option 2: $1263000 net cash inflow.
Option 3: $747000 net cash outflow.
Option 4: $12000 net cash inflow.

Reference no: EM132962912

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