During 2018, ABC had the following cash flows: received cash of $5,000 billed to a customer in 2017; earned $20,000 of net income; paid interest of $6,000 on a corporate bond issued; paid dividends of $8,000 to its stockholders; borrowed $40,000 from a local bank; purchased its own shares of common stock for $10,000. What is ABC's net cash flows from financing activities for 2018?

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter16: Statement Of Cash Flows
Section: Chapter Questions
Problem 15EB: Use the following excerpts from Bolognese Companys statement of cash flows and other financial...
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During 2018, ABC had the following cash flows:

received cash of $5,000 billed to a customer in 2017;

earned $20,000 of net income;

paid interest of $6,000 on a corporate bond issued;

paid dividends of $8,000 to its stockholders;

borrowed $40,000 from a local bank;

purchased its own shares of common stock for $10,000.

What is ABC's net cash flows from financing activities for 2018?

 

 
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