The following transactions occurred last year at Dempsey Inc Issuance of common stock $ 50,000 Dividends paid to common stockholders 3,000 Depreciation Expense 6,000 Repayment of principal on the company's own bonds 40,000 Sale of equipment 17,000 Purchase of land 120,000 Based solely on the above information, the net cash flows from financing activities for the year on the statement cash flows
would be:
A) $249,000.
B) $7,000.
C) $(103,000).
D) $(6,000).
B
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Answer the following statement true (T) or false (F)
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Indicate whether the statement is true or false
Depreciation is a process of allocation, not of valuation
Indicate whether the statement is true or false
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