15 Flow Company has provided the following information for the year ended Decemb

Question

15 Flow Company has provided the following information for the year ended December 31, 2016: 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 a $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 financing activities? O A net inflow of $34,000. A net outflow of $56,000. A net outflow of $56,000. O A net inflow of $53,50o

Explanation / Answer

Cash paid for dividends -6500 Cash procceds from bank loan 34000 Cash purchase of treasury stock -13500 Cash received from issuance of common stock 39500 Net cash flow from financing activities 53500 Option 4 is correct

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