Question
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
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