Reference no: EM132619023

The following are entries in the cash account of Brisbane Ltd for the month of January 2020:

                                                                   $

Cash from accounts receivable                       120,000

Cash received from the issue of shares             180,000

Payments to creditors (accounts payable)          70,000

Payments to employees                                  55,000

Purchase of land                                            70,000

Payments of dividends                                    70,000

Purchase of equipment                                   145,000

Cash received from bank loan                          50,000

Problem 1: What was the cash flow from financing activities for Brisbane Ltd for January 2020?

Select one:

a. $ 160,000

b. $ 180,000

c. ($ 70,000)

d. $ 300,000

e. None of the above