The following changes occurred in accounts over the year: accounts payable increased by $6,000, bonds payable decreased by $12,000, common stock increased by $10,000, paid-in capital increased by $10,000, and retained earnings increased by $20,000. No dividends were paid during the year. What is the net cash flow from financing activities? a.$22,000 b.$(8,000) c.$8,000 d.$20,000

The following changes occurred in accounts over the year: accounts payable increased by $6,000, bonds payable decreased by $12,000, common stock increased by $10,000, paid-in capital increased by $10,000, and retained earnings increased by $20,000. No dividends were paid during the year. What is the net cash flow from financing activities? a.$22,000 b.$(8,000) c.$8,000 d.$20,000

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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