During 20X5, LAL Corp. had the following cash flows: (1) received cash of $10,000 billed to a customer in 20X5; (2) earned $120,000 of net income; (3) paid interest of $15,000 on a corporate bond issue; (4) paid dividends of $25,000 to its stockholders; (5) borrowed $150,000 from a local bank; and (6) purchased its own shares of common stock for $50,000. What is LAL's net cash flows from financing activities for 20X5?
During 20X5, LAL Corp. had the following cash flows: (1) received cash of $10,000 billed to a customer in 20X5; (2) earned $120,000 of net income; (3) paid interest of $15,000 on a corporate bond issue; (4) paid dividends of $25,000 to its stockholders; (5) borrowed $150,000 from a local bank; and (6) purchased its own shares of common stock for $50,000. What is LAL's net cash flows from financing activities for 20X5?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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During 20X5, LAL Corp. had the following
What is LAL's net cash flows from financing activities for 20X5?
Select one:
a. $60,000
b. $75,000
c. $190,000
d. $195,000
e. $70,000
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