Using the information below -- what was Bala Industries’ Cash Flow from Financin

Question

Using the information below -- what was Bala Industries’ Cash Flow from Financing for the year ending 6/30/2011?

Increase in inventories                     $33

Purchased treasury stock                $19

Purchased property & equipment    $18

Net Income                                      $339

Decrease in accrued income taxes $45

Depreciation & amortization           $112

Decrease in accounts payable         $19

Increase in accounts receivable       $25

Increase in Long-term debt             $101

Explanation / Answer

Cash Flow from Financing Activitiesaccounts for inflows and outflows of cash resulting from debt issuance andfinancing, the issuance of any new stock, dividend payments, and any repurchase of existing stock.

Cash flow from financing activity Purchased treasury stock                         (19) Increase in Long-term debt                                     101 Total Cash flow from financing activity                            82

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