Trident Corporation had the following cash flows in the current year. Which one

Question

Trident Corporation had the following cash flows in the current year. Which one of the following is a financing activity cash flow?

A Rent on a warehouse amounting to $1.1 million B Purchase of $125,000 worth of five-year bonds issued by Towson Utilities C Preferred dividends to the tune of $330,000 paid to shareholders D Lease income received on a piece of land A Rent on a warehouse amounting to $1.1 million B Purchase of $125,000 worth of five-year bonds issued by Towson Utilities C Preferred dividends to the tune of $330,000 paid to shareholders D Lease income received on a piece of land Trident Corporation had the following cash flows in the current year. Which one of the following is a financing activity cash flow?

A Rent on a warehouse amounting to $1.1 million B Purchase of $125,000 worth of five-year bonds issued by Towson Utilities C Preferred dividends to the tune of $330,000 paid to shareholders D Lease income received on a piece of land

Explanation / Answer

Preferred dividends to the tune of $330,000 paid to shareholders

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