Below are the transactions for the Louisville Company: Proceeds from issuance of bonds payable $635,000 Payment to purchase equipment $275,000 Payment of wages $115,000 Payment of dividends $155,000 Payment to pay off notes payable $195,000 Based on these transactions, what is the net cash flow from financing activities?
a. $285,000 net cash provided by financing activities.
b. $275,000 net cash used for financing activities.
c. $0, because cash inflows equal cash outflows from financing activities.
d. $440,000 net cash provided by financing activities.
Answer: a. $285,000 net cash provided by financing activities.
You might also like to view...
People from which generation tend to live with parents, grandparents, and uncles--all in the same household?
A. accordion B. intergenerational C. nuclear D. blended
In Unified Modeling Language (UML) primary keys cannot by NULL.
Answer the following statement true (T) or false (F)
When a program unit includes references to database objects that in turn reference other database objects, it is said to contain direct dependencies.
Answer the following statement true (T) or false (F)
A career perception in which individuals view their careers with a subjective sense of where one is going in one’s work life is referred to as a ______ career.
A. boundaryless B. bounded C. discrete D. conditional