McLaughlin Company Issued Common Stock for Proceeds of $558,000 During

question 14

Multiple Choice

McLaughlin Company issued common stock for proceeds of $558,000 during 2022.The company paid dividends of $99,000 and issued a long-term note payable for $375,000 in exchange for equipment during the year.The company also purchased treasury stock that had a cost of $81,000.The financing section of the statement of cash flows will report net cash inflows of

• A)$378,000.
• B)$834,000.
• C)$459,000.
• D)$753,000.

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Definitions:

Customer Demand

The quantity of products or services that consumers are willing and able to purchase at various prices during a specific period.

Computer Clock

A mechanism within a computer that keeps track of time and coordinates the execution of tasks.

Wasted Capacity

Refers to the portion of the potential production output or service capability that remains unused or not effectively utilized.

Excessive Cancellations

A situation where the number of orders or reservations canceled is significantly higher than usual, potentially indicating operational or demand planning issues.