Lab Industries, Inc , issued $50,000 of bonds, paid cash dividends of $8,000, sold long term investments for $12,000, received $5,000 of dividend revenue, purchased treasury stock for $15,000, and purchased new equipment for $19,000 What is the net cash flow from financing activities A $70,000 infl...

Lab Industries B 27000 inflow Net ...

Lab Industries, Inc., issued $50,000 of bonds, paid cash dividends of $8,000, sold long-term investments for $12,000,

Question:

Lab Industries, Inc., issued $50,000 of bonds, paid cash dividends of $8,000, sold long-term investments for $12,000, received $5,000 of revenue, purchased treasury stock for $15,000, and purchased new equipment for $19,000. What is the net cash flow from financing activities?
A. $70,000 inflow
B. $27,000 inflow
C. $80,000 inflow
D. $20,000 outflow
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...