Question
Fortuna Company is preparing its statement of cash flows. Cash disbursements during the year included: Payment for a new stamping machine $ 200,000 Payment of
Fortuna Company is preparing its statement of cash flows. Cash disbursements during the year included:
| Payment for a new stamping machine | $ | 200,000 | |
| Payment of dividends to stockholders | 100,000 | ||
| Payment to acquire 100 shares of Lola Corp. | 40,000 | ||
What are Fortuna’s total cash outflows for financing activities?
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Managerial Accounting
Authors: Karen W. Braun, Wendy M. Tietz
4th edition
978-0133428469, 013342846X, 133428370, 978-0133428377
