Flow Company has provided the following information for the year ended December 31, 2019: ...

80.2K

Verified Solution

Question

Accounting

imageimage

Flow Company has provided the following information for the year ended December 31, 2019: Cash paid for interest, $22,500 Cash paid for dividends, $6,500 Cash dividends received, $4,500 Cash proceeds from bank loan, $34,000 Cash purchase of treasury stock, $13,500 Cash paid for equipment purchase, $29,500 Cash received from issuance of common stock, $39,500 Cash received from sale of land with a $34,500 book value, $27,000 Acquisition of land costing $53,500 in exchange for preferred stock issuance. Payment of $125,000 note payable by exchanging used machinery with a $79,500 book value and $125,000 fair value How much was Flow's net cash flow from investing activities? Multiple Choice A net outflow of $2,500. A net outflow of $56,000 A net inflow of $2,500. A net inflow of $53,500 Flow Company has provided the following information for the year ended December 31, 2019: Cash paid for interest, $22,000 Cash paid for dividends, $6,400 Cash dividends received, $4,400 Cash proceeds from bank loan, $33,000 Cash purchase of treasury stock, $13,000 Cash paid for equipment purchase, $29,000 Cash received from issuance of common stock, $39,000 Cash received from sale of land with a $34,000 book value, $26,600 Acquisition of land costing $53,000 in exchange for preferred stock issuance. Payment of a $120,000 note payable by exchanging used machinery with a $79,000 book value and $120,000 fair value. How much was Flow's net cash flow from financing activities? Multiple Choice A net inflow of $52,600. A net outflow of $55,000. A net inflow of $33,000. A net outflow of $55,400

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