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Ryan Ltd. sold equipment with a book value of $80,000 for a $10,000 loss, sold Ryan Ltd. common stock for $220,000, repaid a notes payable
Ryan Ltd. sold equipment with a book value of $80,000 for a $10,000 loss, sold Ryan Ltd. common stock for $220,000, repaid a notes payable for $180,000 (this amount includes $18,000 of interest on the notes payable), paid dividends of $40,000, resold treasury stock for $30,000 (the treasury stock was originally purchased for $15,000), and received dividends in the amount of $25,000. The net cash inflow from financing activities was: O $33,000 O $30,000 O $118,000 O $48,000 O None of the above
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