During the year, Next Tec Corporation had the following cash flows:

- Receipt from customers: $20,000
- Receipt from the bank for long-term borrowing: $6,600
- Payment to suppliers: $5,300
- Payment of dividends: $1,600
- Payment to workers: $2,900
- Payment for machinery: $10,000

What amount would be reported for net financing cash inflows (outflows) in the statement of cash flows?

Multiple Choice

a. $(10,000)$
b. $6,600$
c. $5,000$
d. $4,500$

In the statement of cash flows, the net financing cash inflows (outflows) represent the total cash received or paid for financing activities during a specified period.

To calculate the net financing cash inflows (outflows), we need to consider the cash flows related to financing activities, which include the receipt from the bank for long-term borrowing and the payment of dividends.

According to the information given, the receipt from the bank for long-term borrowing is $6,600, and the payment of dividends is $1,600.

To determine the net financing cash inflows (outflows), we subtract the payment of dividends from the receipt from the bank for long-term borrowing:

$6,600 - $1,600 = $5,000

Therefore, the amount reported for net financing cash inflows (outflows) in the statement of cash flows is $5,000 (option c).

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