BEN Inc. paid $15 million in dividends last year. During the year, the change in notes payable on the balance sheet was a decrease of $40 million, and the change in common and preferred stock was an increase of $50 million. The change in long-term debt was an increase of $30 million. What was the net cash flow from financing activities last year? $20 million O $30 million O $40 million $25 million
BEN Inc. paid $15 million in dividends last year. During the year, the change in notes payable on the balance sheet was a decrease of $40 million, and the change in common and preferred stock was an increase of $50 million. The change in long-term debt was an increase of $30 million. What was the net cash flow from financing activities last year? $20 million O $30 million O $40 million $25 million
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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![BEN Inc. paid $15 million in dividends last year. During the year, the change
in notes payable on the balance sheet was a decrease of $40 million, and
the change in common and preferred stock was an increase of $50 million.
The change in long-term debt was an increase of $30 million.
What was the net cash flow from financing activities last year?
$20 million
$30 million
O $40 million
O $25 million](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5aac2078-b8cd-4e98-8307-d4ab7a7c3f18%2F39f5092c-31db-4519-b928-eb6606c992b8%2Fy68p4yf_processed.jpeg&w=3840&q=75)
Transcribed Image Text:BEN Inc. paid $15 million in dividends last year. During the year, the change
in notes payable on the balance sheet was a decrease of $40 million, and
the change in common and preferred stock was an increase of $50 million.
The change in long-term debt was an increase of $30 million.
What was the net cash flow from financing activities last year?
$20 million
$30 million
O $40 million
O $25 million
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