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:
Answer rating: 71% (7 reviews)
Answered By
Ajeet Singh
Professional, Experienced, and Expert tutor who will provide speedy and to-the-point solutions.
I have been teaching students for 5 years now in different subjects and it's truly been one of the most rewarding experiences of my life.
I have also done one-to-one tutoring with 100+ students and help them achieve great subject knowledge.
I have expertise in computer subjects like C++, C, Java, and Python programming and other computer Science related fields.
Many of my student's parents message me that your lessons improved their children's grades and this is the best only thing you want as a teacher. I have done plenty of studying and lots of learning on many exciting and challenging topics. All these experiences have influenced my decision to take on the teaching role in various capacities. As a tutor, I am looking forward to getting to understand your needs and helping you achieve your academic goals. I'm highly flexible and contactable. I am available to work on short notice since I only prefer to work with very small and select groups of students.
4.90+
7+ Reviews
15+ Question Solved
Related Book For
Financial Accounting
ISBN: 9781264229734
11th Edition
Authors: Robert Libby, Patricia Libby, Frank Hodge
Question Posted:
Students also viewed these Business questions
-
The comparative balance sheet for Long Company as of December 31, 2019 and 2018, is shown below, followed by the condensed income statement. INSTRUCTIONS Prepare a statement of cash flows for 2019....
-
The following table includes transactions carried out by Ram Horn Corporation, as well as columns for each of the three categories found in the statement of cash flows: operating, financing, and...
-
The comparative balance sheet for EProducts, Inc., as of December 31, 2019 and 2018, is shown below, followed by the condensed income statement for 2019. INSTRUCTIONS Prepare a statement of cash...
-
Selected data on merchandise inventory, purchases, and sales for Jaffe Co. and Coronado Co. are as follows: Instructions 1. Determine the estimated cost of the merchandise inventory of Jaffe Co. on...
-
How are deferred tax assets and deferred tax liabilities created?
-
An AC voltage source and a resistor are connected in series to make up a simple AC circuit. If the source voltage is given by V = V 0 sin(2 ft ) and the source frequency is 22.8 Hz, at what time t...
-
Differentiate between product, production, sales, marketing and service orientations.
-
A local real estate investor in Orlando is considering three alternative investments: a motel, a restaurant, or a theater. Profits from the motel or restaurant will be affected by the availability of...
-
Stockman Corp, purchased ten $1,000 5% bonds of Simplex Corporation when the market rate of interest was 6%. Interest is paid semiannually, and the bonds will mature in nine years. Using the PV...
-
Thomson Trucking has $16 billion in assets, and its tax rate is 40%. Its basic earning power (BEP) ratio is 10%, and its return on assets (ROA) is 5%. What is its times-interest-earned (TIE) ratio?
-
Gibraltar Industries is a Buffalo, New Yorkbased manufacturer and distributor of building products for residential, industrial, infrastructure, renewable energy, and conservation markets. In a recent...
-
In your web browser, search for the investor relations page of a public company you are interested in (e.g., Papa Johns investor relations). Select SEC Filings or Annual Report or Financials to...
-
Frances J. Vukasin was employed by D. A. Davidson & Co. in August 1979. The company implemented an annual performance review in 1985, which rated her performance in each of six areas, gave her an...
-
According to an article in the Financial Times on March 8, 2016, the capacity of the biggest container ships afloat rose sharply between 2011 and 2016 and has more than doubled since 2000. What is...
-
Has your company been involved in litigation or regulatory compliance problems related to sustainability? How was the matter resolved?
-
Are you convinced that the tension between corporate social responsibility to shareholders and stakeholders can be resolved?
-
Has your company extended sustainability policies to its supply chain?
-
Find a company you are familiar with and explain how it uses operations. How is its operations function tied to its supply chain? Are the companys adverse impacts Owing more to its own internal...
-
Draw all the possible structural isomers for the molecule having the formula C7H7Cl. The molecule contains one benzene ring.
-
Is it ethical to provide safety training in English to immigrant workers who speak little English, in order to reduce costs?
-
Many multinational companies find it beneficial to have their shares listed on stock exchanges in foreign countries. In order to do this, they must comply with the securities laws of those countries....
-
The financial statements of Zetar plc are presented in Appendix C. The companys complete annual report, including the notes to its financial statements, is available at www.zetarplc.com. Instructions...
-
Max, a student, asks your help in understanding some characteristics of a corporation. Explain each of these to Max. (a) Separate legal existence. (b) Limited liability of stockholders. (c)...
-
Determine three planes) interection point. Th = 5x+4y+52-18=0 712=4x-54+9=0 13=-5x+10y-12=0
-
A particle initially has a speed of 0.46c. (Enter your answers in terms of c. Round your answers to at least three decimal places.) (a) At what speed does its momentum increase by 1%? .465 x c (b) At...
-
5) Megan and four of her friends plan to go for a long drive. She buys 12 bottles of frappe and a few bottles of orange juice from a supermarket. The total number of bottles they have are four times...
Study smarter with the SolutionInn App