Question
4) 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
4) 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 Select one: 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)
5)Which of the following categories of owners have unlimited liability? Select one: a. shareholders of a corporation b. both A and B c. sole proprietors d. general partners in a limited partnership
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