Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a business has the following financial information

A business has the following financial information for the year: Issued 10,000 shares...

50.1K

Verified Solution

Question

Accounting

A business has the following financial information for the year:

Issued 10,000 shares of common stock for $20.00 per share

Issued long term debt of $500,000

Paid dividends of $85,000

Sold a piece of equipment of $50,000. The equipment had a book value of $20,000

Earned net income of $140,000

Based on the financial information presented above, determine net cash flow from financing activities for the year.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Algebra
1.2K views

The movement of the pro Match the expression on the left with its simplified form...

Finance
1.2K views

1. According to a report from WSJ, investors are gobbling up auto loans extended to the...

Mechanical Engineering
1.2K views

I need solving question 2 only? Q1. In an Otto cycle air is compressed from an initial pressure...

Biology
1.2K views

The Spanish Flu of 1918 was able to spread to a very large number of...

Basic Math
1.2K views

Identical twins come from a single egg that split into two embryos and fraternal twins...

Statistics
1.2K views

Find the indicated probability In a survey 306 respondents said they lived in an apartment...

Accounting
1.2K views

A 1-year government bond issued on Jan 1st 2023 promises to...

Accounting
1.2K views

White Company has two departments, Cutting and Finishing. The company uses a job-order costing system...

Accounting
1.2K views

Required information [The following information applies to the questions displayed below.) Corrigan Enterprises is studying...

Accounting
1.2K views

Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold...

Accounting
1.2K views

Windsor Industries purchased $9,700 of merchandise on February 1,2025 , subject to a trade discount...

Finance
1.2K views

Given sales of $685,430, interest expense of $34,290, earnings before taxes of $-9,880, taxes of...