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During 2024, Laser World had the following cash flows: (1) received cash of $5,000 billed to a customer in 2023; (2) earned $20,000 of net
During 2024, Laser World had the following cash flows: (1) received cash of $5,000 billed to a customer in 2023; (2) earned $20,000 of net income; (3) paid interest of $6,000 on a corporate bond issued; (4) paid dividends of $8,000 to its stockholders; (5) borrowed $40,000 from a local bank; and (6) purchased its own shares of common stock for $10,000. What is Laser World's net cash flows from financing activities for 2024?
Multiple Choice:
$16,000
$22,000
$30,000
$40,000
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