How much was Flow's net cash flow from financing activities? A) A net outflow of $51,000. B) A net inflow of $29,000. C) A net outflow of $53,000. D) A net inflow of $49,000. Do not give answer in image
3) Flow Company has provided the following information for the year ended December 31, 2019:
• Cash paid for interest, $20,000
• Cash paid for dividends, $6,000
• Cash dividends received, $4,000
• Cash proceeds from bank loan, $29,000
• Cash purchase of
• Cash paid for equipment purchase, $27,000
• Cash received from issuance of common stock, $37,000
• Cash received from sale of land with a $32,000 book value, $25,000
• Acquisition of land costing $51,000 in exchange for
• Payment of a $100,000 note payable by exchanging used machinery with a $77,000 book value and $100,000 fair value
How much was Flow's net
A) A net outflow of $51,000.
B) A net inflow of $29,000.
C) A net outflow of $53,000.
D) A net inflow of $49,000.
Do not give answer in image
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