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:

Grasping

Grasping is the act of taking hold of something firmly with the hands or arms.

Sucking

Describes a natural reflex for babies used for feeding and comfort, which is essential for their survival.

Assimilating

The process of taking in and fully understanding information or ideas, often used in the context of integrating into a new cultural or social environment.

Attachment

An emotional bond that forms between individuals, crucial for personal development and social connections, often discussed in the context of child-caregiver relationships.