Question 46

Hagen Company reported the following during 2019: cash collected from customers $450,000; cash paid to suppliers of inventory $280,000; cash used to purchase land $60,000; cash received from sale of company stock $40,000; and cash used to repay a bank loan $75,000. Hagens net cash flow from financing activities during 2019 was:

Group of answer choices

($375,000)

($95,000)

($35,000)

$ 135,000