Using the information below, what was Bala Industries\' cash flow from finance f

Question

Using the information below, what was Bala Industries' cash flow from finance for the year ending 06/30/2011? Increase in inventories $26, purchased treasury stock $21, purchased property and equipment $15, Net Income $331, Decrease in accrued income taxes $44, depreciation and amortization $113, decrease in accounts payable $12, Increase in accounts receivable $29, Increase in Long term debt $108 Using the information below, what was Bala Industries' cash flow from finance for the year ending 06/30/2011? Increase in inventories $26, purchased treasury stock $21, purchased property and equipment $15, Net Income $331, Decrease in accrued income taxes $44, depreciation and amortization $113, decrease in accounts payable $12, Increase in accounts receivable $29, Increase in Long term debt $108

Explanation / Answer

Cash flow from financing activities for the year ending 06/30/2011 :

Only purchased treasury stock $21 and Increase in Long term debt $108 is coming under finance activity.

Purchase of Treasury Stock is outflow and Increase in Long term debt is inflow.

Therefore net Inflow from financing activity will be $ 108- $ 21 =$ 87.

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