Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Husky Company has provided the following information for its most recent year of operation: Cash collected from customers totaled $89,500. Cash borrowed from banks totaled

Husky Company has provided the following information for its most recent year of operation:

Cash collected from customers totaled $89,500.

Cash borrowed from banks totaled $32,100.

Cash paid to employees for salaries totaled $32,300.

Cash received from selling Husky common stock to stockholders totaled $43,000.

Cash payments to banks for repayment of money borrowed totaled $7,700.

Cash paid to suppliers totaled $8,100.

Land costing $21,000 was sold for $21,000 cash.

Cash paid for dividends to stockholders totaled $3,500.

How much was Husky's cash flow from financing activities?

$67,400

$75,100

$63,900

$60,600

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions