Question
Peace Hall Company had the following activities in 2020. Sale of land . . . . . . $180,000. Purchase of inventory, , , $845,000.
Peace Hall Company had the following activities in 2020.
Sale of land . . . . . . $180,000.
Purchase of inventory, , , $845,000.
Purchase of equipment . . $415,000.
Issuance of bonds payable . $510,000.
Payment of accts. payable . $770,000.
Purchase of treasury stock . $ 50,000.
What is the net cash flows from financing activities?
Question 36 options:
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| Net cash Inflow of $560,000. |
|
| Net cash inflow of $460,000. |
|
| Net cash outflow of $610,000. |
|
| Net cash outflow of $640,000. |
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
9th Edition
978-0470317549, 9780470387085, 047031754X, 470387084, 978-0470533475
