Question
A company purchased fixed assets for $500,000, sold common stock for $150,000, issued long-term debt of $175,000, generated net income of $3,000,000, paid dividends of
A company purchased fixed assets for $500,000, sold common stock for $150,000, issued long-term debt of $175,000, generated net income of $3,000,000, paid dividends of $45,000, and had a $325,000 decrease in inventories. What is its "cash flow from financing activities"?
A. $105,000
B. $280,000
C. $2,955,000
D. $325,000
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Corporate Financial Management
Authors: Glen Arnold, James Pickford
2nd Edition
0582821762, 978-0582821767
