Reference no: EM132784302
Problem 1: What is the Net Cash Flow from Financing Activities?
Cash paid for interest, $20,000
Cash paid for dividends, $6,000
Cash dividends received, $4,000
Cash proceeds from bank loan, $29,000
Cash purchase of treasury stock, $11,000
Cash paid for equipment purchase, $27,000
Cash received from issuance of common stock, $37,000
Cash received from sale of land (with a $32,000 net book value), $25,000
Acquisition of land costing $51,000 in exchange for preferred stock issuance
A. A net inflow of $49,000
B. A net inflow of $29,000
C. A net outflow of $51,000
D. A net outflow of $53,000
E. None of these answers are correct
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