ABC had the following information related to 2020* A Building with a cost of $8,000 and accumulated depreciation of $4000 was sold in 2020 for $8,000* Purchase a Building costing $23,000 by paying $10,000 in cash and $13,000 investments in associaties* ABC Co. paid cash dividends during 2020 totaled $3,000* ABC Company paid in cash a Bank Loan totaled $4,000* ABC Co. issued shares receiving cash totaled $12,000What is the amount of Net Cash flows from financing activities?Select one:a. All answers are falseb. 5000c. 15000d. -3000e. 30000f. 13000

ABC had the follwing information related to 2020 * A Building with a cost of $8,000 and accumulated depreciation of $4000 was sold in 2020 for $8,000 $10,000 in cash and $13,000 investments in associatie * Purchase a Building costing $23,000 by paying * ABC Co. paid cash dividends during 2020 totaled $3,000 * ABC Company paid in cash a Bank Loan totaled $4,000 $12,000 * ABC Co. issued shares receiving cash totaled What is the amount of Net Cash flows from financing activities? Select one: a. All answers are false b. 5000 c. 15000 d. -3000

ABC had the follwing information related to 2020 * A Building with a cost of $8,000 and accumulated depreciation of $4000 was sold in 2020 for $8,000 $10,000 in cash and $13,000 investments in associatie * Purchase a Building costing $23,000 by paying * ABC Co. paid cash dividends during 2020 totaled $3,000 * ABC Company paid in cash a Bank Loan totaled $4,000 $12,000 * ABC Co. issued shares receiving cash totaled What is the amount of Net Cash flows from financing activities? Select one: a. All answers are false b. 5000 c. 15000 d. -3000

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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