Question: A firm paid dividends of $10,000, paid interest of $20,000, reduced debt principal outstanding (paid off debt) in the amount of $100,000, and sold new stock for $150,000. What was the firm's cash flow from financing activities? A) +$20,000 ($20,000 flowed into the firm)- B) +$280,000 ($280,000 flowed into the firm) C) -$280,000 ($280,000 flowed out of the firm) D) -$20,000 ($20,000 flowed out of the firm)

Question: A firm paid dividends of $10,000, paid interest of $20,000, reduced debt principal outstanding (paid off debt) in the amount of $100,000, and sold new stock for $150,000. What was the firm's cash flow from financing activities? A) +$20,000 ($20,000 flowed into the firm)- B) +$280,000 ($280,000 flowed into the firm) C) -$280,000 ($280,000 flowed out of the firm) D) -$20,000 ($20,000 flowed out of the firm)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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