Find amount of cash generated from financial activities was

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Reference no: EM132932034

For Company ABC in the year 2020, cash was generated/spent from the following sources:

operations $235,000
investments $(120,000)

Also, cash levels at the end of both years are also available:

cash level at end of 2019 $100,000
cash level at end of 2020 $123,000

  • ABC did not issue any new common shares nor did it buy back any of its outstanding shares in 2020.
  • In 2020, the company retired $100,000 of its long-term-debt outstanding. It also borrowed an additional $17,000 from its friendly bank.

Problem 1: In 2020, the amount of cash generated from financial activities was:

Select one:

a. $ 138,000

b. $ (138,000)

c. $ 23,000

d. $ (92,000)

e. $ 92,000

Problem 2: The amount of cash dividends paid in 2020 is:

Select one:

a. $ 0

b. $ 9,000

c. $ 13,000

d. $ 17,000

e. none of the above

Reference no: EM132932034

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