Consider the following: Issued common stock for $18,000, sold office equipment for $1,200, paid cash dividends of

Question:

Consider the following: Issued common stock for $18,000, sold office equipment for $1,200, paid cash dividends of $4,000, purchased investments for $2,000, and paid accounts payable of $4,000. What was the net cash inflow (outflow) from financing activities?
a. $20,000
b. $14,000
c. ($20,000)
d. ($14,000)

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Financial Accounting

ISBN: 9781264229734

11th Edition

Authors: Robert Libby, Patricia Libby, Frank Hodge

Question Posted: