A1 Pet Supply Company issued 20,000 shares of $1 par common stock for $40 per share during 2025. The company paid dividends of $48,000 and issued a long-term note payable for $440,000 during the year. What amount of cash flows from financing activities will be reported on the statement of cash flows? OA) $12,000 net cash inflow O B) $705,000 net cash outflow O C) $1,192,000 net cash inflow OD) $352,000 net cash inflow

A1 Pet Supply Company issued 20,000 shares of $1 par common stock for $40 per share during 2025. The company paid dividends of $48,000 and issued a long-term note payable for $440,000 during the year. What amount of cash flows from financing activities will be reported on the statement of cash flows? OA) $12,000 net cash inflow O B) $705,000 net cash outflow O C) $1,192,000 net cash inflow OD) $352,000 net cash inflow

Name: A1 Pet Supply Company issued 20,000 shares of $1 par common stock for
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Description: A1 Pet Supply Company issued 20,000 shares of $1 par common stock for $40 pershare during 2025. The company paid dividends of $48,000 and issued a long-termnote payable for $440,000 during the year. What amount of cash flows fromfinancing activities

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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