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)
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Related Book For
Financial Accounting
ISBN: 9781264229734
11th Edition
Authors: Robert Libby, Patricia Libby, Frank Hodge
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