During 2017, Tommy's Toys Reported the Following: Short-Term Borrowings of $419

question 100

Essay

During 2017, Tommy's Toys reported the following: short-term borrowings of $419 million; long-term borrowings of $147 million; long-term debt repayments of $45 million; interest paid, $128 million; treasury shares purchased $632 million; and exercise of stock options by employees, $2 million.
Required:
A.Calculate the net cash flow from financing activities during 2017.Show your work and details of whether an item is added or subtracted to arrive at your answer.
B.Is the net cash flow provided by, or used in, the financing activities? Briefly describe the reason for your answer.

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Definitions:

Personal Fable

A belief held by adolescents that they are unique and invulnerable, often leading to risk-taking behaviors.

Cognitive Abilities

Mental capabilities that include thinking, reasoning, problem-solving, and information processing.

Gender Differences

Refers to distinctions in behavior, roles, and psychology between males and females, often influenced by social and cultural factors.

Postconventional Level

The highest stage in Kohlberg's theory of moral development, characterized by adherence to universal ethical principles over societal norms or laws.