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Alcan Inc. takes out a long-term note for $300,000, with which they will purchase a new machine to make aluminum cans. They issued and sold
Alcan Inc. takes out a long-term note for $300,000, with which they will purchase a new machine to make aluminum cans. They issued and sold stock for a total of $50,000. Alcan paid cash dividends of $30,000 and sold investments of $70,000. What is Alcan's net cash flow from financing activities? $150,000 $290,000 $320,000 $450,000
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