Question

Patnode's 2015 statement of cash flows contains four items in the financing section. Three of them are Short-term debt issued, $15,000; Short-term debt paid, ($10,000); and Dividends paid, ($1,000). What is the fourth item in the financing section?

Answer 1

proceed from the issue of shares

Step-by-step explanation:

The financing activity section of the the statement for cash flow comprises of activities that revolve around the acquisition and repayment of funds. Under this section, you find information about the flow of cash in respect of the use and repayment of debts and stock securities financing.

Typically, these include the issue and repayment of debt, payment of dividend and interest , receipt of dividends and interest

Therefore, the fourth item should be proceed from the issue of shares