During the year, Penso Ltd received $500 from its customers, $50 for the sale of a motor vehicle and $200 for the issue of shares. It paid $270 to suppliers and employees, $30 for income tax and $500 for new machinery. In addition, it paid out $120 to redeem bonds. Its cash balance at the commencement of the year was $220. 

What were the cash flows from financing activities? 

Answer rating: 100% (QA)

The cash flows from financing activities are the cash inflows and ... View the full answer