Flow Company has provided the following information for the year ended December 31, 2019 Cash paid for interest, $23,000 Cash paid for dividends, $6,600 Cash dividends received, $4,600 Cash proceeds from bank loan, $35,000 Cash purchase of treasury stock, $14,000 Cash paid for equipment purchase, $30,000 Cash received from issuance of common stock, $40,000 Cash received from sale of land with a $35,000 book value, $27,400 Acquisition of land costing $54,000 in exchange for preferred stock issuance Payment of a $130,000 note payable by exchanging used machinery with a $80,000 book value and $130,000 fair value How much was Flow's net cash flow from financing activities Multiple Choice A net outflow of $57,000 A net inflow of $54,400 A net outflow of $56,600 A net inflow of $35,000 Flow Company has provided the following information for the year ended December 31, 2019 Cash paid for interest, $23,000 Cash paid for dividends $6,600 Cash dividends received, $4,600 Cash proceeds from bank loan $35,000 Cash purchase of treasury stock, $14,000 Cash paid for equipment purchase, $30,000 Cash received from issuance of common stock, $40,000 Cash received from sale of land with a $35,000 book value, $27,400 Acquisition of land costing $54,000 in exchange for preferred stock issuance Payment of a $130,000 note payable by exchanging used machinery with a $80,000 book value and $130,000 fair value How much was Flow's net cash flow from financing activities Multiple Choice CO ) A net outflow of $57,000 C ) A net inflow of $54,400 0 A net outflow of $56,600 0 A net inflow of $35,000

The Answer is in the image, click to view ...

Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 28, 2024

Flow Company has provided the following information for the year ended December 31, 2019: Cash paid for interest, $23,000 Cash paid for dividends, $6,600 Cash

image text in transcribed

Flow Company has provided the following information for the year ended December 31, 2019:

Cash paid for interest, $23,000
Cash paid for dividends, $6,600
Cash dividends received, $4,600
Cash proceeds from bank loan, $35,000
Cash purchase of treasury stock, $14,000
Cash paid for equipment purchase, $30,000
Cash received from issuance of common stock, $40,000
Cash received from sale of land with a $35,000 book value, $27,400
Acquisition of land costing $54,000 in exchange for preferred stock issuance.
Payment of a $130,000 note payable by exchanging used machinery with a $80,000 book value and $130,000 fair value.

How much was Flow's net cash flow from financing activities?

Multiple Choice

A net outflow of $57,000.
A net inflow of $54,400.
A net outflow of $56,600.
A net inflow of $35,000.

Flow Company has provided the following information for the year ended December 31, 2019: Cash paid for interest, $23,000 Cash paid for dividends. $6,600 Cash dividends received, $4,600 Cash proceeds from bank loan. $35,000 Cash purchase of treasury stock, $14,000 Cash paid for equipment purchase, $30,000 Cash received from issuance of common stock, $40,000 Cash received from sale of land with a $35,000 book value, $27,400 Acquisition of land costing $54,000 in exchange for preferred stock issuance. Payment of a $130,000 note payable by exchanging used machinery with a $80,000 book value and $130,000 fair value. How much was Flow's net cash flow from financing activities? Multiple Choice CO ) A net outflow of $57,000. C ) A net inflow of $54,400. 0 A net outflow of $56,600. 0 A net inflow of $35,000