Below are the transactions for the Clothesline Company (reporting under US GAAP): Proceeds from issuance of bonds
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Question:
Below are the transactions for the Clothesline Company (reporting under US GAAP):
Proceeds from issuance of bonds payable | $1,000,000 |
Payment to purchase equipment | $475,000 |
Payment of wages | $115,000 |
Payment of dividends | $375,000 |
Payment to pay off notes payable | $1,200,000 |
Based on these transactions, what is the net cash flow from financing activities?
A)$575,000 net cash provided by financing activities.
B)$575,000 net cash used for financing activities.
C)$0, because cash inflows equal cash outflows from financing activities.
D)$1,050,000 net cash used by financing activities.
Posted Date: