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Compute total cash from financing activities

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Question - Siliconia Manufactuing Ltd. had retained earnings of $400,000 and $50,000 in cash on January 1st, 2005. Net income in 2005 was $200,000 including amortization expense of $125,000. In 2005, the company issued additional common shares for $500,000 and borrowed $600,000 from the bank. Compute total cash from financing activities?

a. $450,000.

b. $250,000.

c. $125,000.

d. $600,000.

e. None of the above

Reference no: EM132557783

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