Question
Chen Corporation had the following cash flows during 20X3. Cash receipt from the issuance of stock......................... $30,000 Cash received from customers............................................ 15,000 Interest received on
Chen Corporation had the following cash flows during 20X3.
Cash receipt from the issuance of stock......................... $30,000
Cash received from customers............................................ 15,000
Interest received on long-term investments........................ 7,500
Cash paid for wages................................................................ 9,000
Cash paid for insurance............................................................. 750
Cash paid for dividends.......................................................... 4,500
Cash paid to purchase building........................................... 45,000
Cash paid to purchase land................................................. 15,000
Given this information, net cash inflow (outflow) from financing activities is:
$30,000 negative $19,500 $25,500 negative $4,500 |
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