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Find the net cash outflow from financing activities

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Reference no: EM133173305

Question - Ryan Ltd. sold equipment with a book value of $80,000 for a $10,000 loss, sold Ryan Ltd. common stock for $145,000, repaid a notes payable for $220,000 (this amount includes $20,000 of interest on the notes payable), paid dividends of $35,000, resold treasury stock for $25,000 (the treasury stock was originally purchased for $15,000), and received dividends in the amount of $30,000. Find the net cash outflow from financing activities?

Reference no: EM133173305

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