Consider the following events:

25,000 shares of preferred stock, cumulative, 5%, $10 par was issued for $15 a share.

The annual cash dividend was declared and paid to the above preferred stock.

The company purchased 12,000 shares of common stock at $17 per share to be held as Treasury stock.

Interest of $8,000 was paid to bondholders.

Bonds Payable with a par value of $100,000 were retired at $108,000.

Compute the net cash flow from financing activities (parentheses indicate an outflow):

A) $ 58,500

B) $(71,500)

C) $ 50,500

D) $ 45,500

Answer rating: 100% (QA)

C 50500 Statement of Cash Flow Partial Particulars Amount Total Amount Cash flow from Fina... View the full answer