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Aloha Corporation had the following activities during the year: Proceeds from the sale of land $300,000 Gain on sale of land $50,000 Proceeds from the
Aloha Corporation had the following activities during the year: Proceeds from the sale of land $300,000 Gain on sale of land $50,000 Proceeds from the issue of common shares $1,000,000 Declaration of 10% stock dividend $450,000 Repayment of mortgage outstanding on the sold land $200,000 Granted stock options to employees $50,000 Interest paid $22,500 Dividends paid $10,000 What was Aloha's cash flow from financing activities for the year?
a
$740,000 inflow
b
$767,500 inflow
c
$790,000 inflow
d
$800,000 inflow
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