Reference no: EM132605985

A company reported the following information for a financial year:

Profit from ordinary activities before income tax expense 264,000

Income tax expense                                                  70,000

Depreciation expense                                                 24,000

Issue of shares                                                         120,000

Loan made to another company                                    24,000

Increase in accounts receivable                                     8,000

Decrease in inventories                                               12,000

Cash received from loans receivable                                  4,000

Dividends paid                                                                16,000

Question 1: What is the net cash inflow (outflow) from financing activities?

Select one:

Option a. $120,000 net cash inflow.

Option b. $(16,000) net cash outflow.

Option c. $124,000 net cash inflow.

Option d. $104,000 net cash inflow.