PipCo financial statements included the following amounts for the current year: Retired preferred stock Loaned cash to key supplier Dividends paid Sold used delivery truck $60,000 17,000 25,000 44,000 75,000 Issued new bonds Based on this information, what is the amount of net cash flows from financing activities? A. $10,000 net outflow B. $15,000 net outflow OC. $92,000 net inflow D. $10,000 net inflow

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 32BE
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PipCo financial statements included the following amounts for the current year:
Retired preferred stock
Loaned cash to key supplier
Dividends paid
Sold used delivery truck
$60,000
17,000
25,000
44,000
75,000
Issued new bonds
Based on this information, what is the amount of net cash flows from financing activities?
A. $10,000 net outflow
B. $15,000 net outflow
OC. $92,000 net inflow
D. $10,000 net inflow
Transcribed Image Text:PipCo financial statements included the following amounts for the current year: Retired preferred stock Loaned cash to key supplier Dividends paid Sold used delivery truck $60,000 17,000 25,000 44,000 75,000 Issued new bonds Based on this information, what is the amount of net cash flows from financing activities? A. $10,000 net outflow B. $15,000 net outflow OC. $92,000 net inflow D. $10,000 net inflow
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