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Winnemac Inc. reported the following transactions in the current year. Purchased an investment in debt securities (long-term) for cash $50,000 Sold equipment for cash, previously
Winnemac Inc. reported the following transactions in the current year.
Purchased an investment in debt securities (long-term) for cash | $50,000 |
Sold equipment for cash, previously used in operations | 125,000 |
Paid cash for dividends | 45,000 |
Issued common stock for cash | 128,000 |
Retired a 10-year bond payable through the issuance of common stock | 125,000 |
Sold investment in equity securities (held for 9 months) | 23,000 |
Borrowed cash by signing a six-month note payable | 35,000 |
Paid interest on note payable | 1,000 |
What is the net amount of cash flows that the company would report in the financing activities section of the statement of cash flows?
Select one:
a. Net cash outflow of $7,000
b. Net cash inflow of $118,000
c. Net cash inflow of $117,000
d. Net cash outflow of $138,000
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