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Karam Company issued ordinary shares for proceeds of $100,000 during 2020. The company paid dividends of $30,000 and issued a non-current note payable for $20,000
Karam Company issued ordinary shares for proceeds of $100,000 during 2020. The company paid dividends of $30,000 and issued a non-current note payable for $20,000 in exchange for equipment during the year. The company also sold treasury shares that had a cost of $10,000. The financing section of the statement of cash flows will report net cash inflows of: Select one: $80,000. $40,000. $60,000. $70,000.
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