Colin Corp.had the following activity during 2011: $$\begin{array} { l r }
\text { Payment of long-term note payable } & \$ 375,000 \
\text { Interest paid on debt } & 67,200 \
\text { Proceeds from sale of common shares } & 500,000 \
\text { Dividends received on investments } & 15,000
\end{array}$$
What was the cash flow from financing activities?
A)$57,800
B)$72,800
C)$125,000
D)$140,000

Question

Colin Corp.had the following activity during 2011: $$\begin{array} { l r } 
\text { Payment of long-term note payable } & \$ 375,000 \
\text { Interest paid on debt } & 67,200 \
\text { Proceeds from sale of common shares } & 500,000 \
\text { Dividends received on investments } & 15,000
\end{array}$$
What was the cash flow from financing activities?
A)$57,800
B)$72,800
C)$125,000
D)$140,000

Quizplus · Accepted Answer

Cash flow from financing activities includes the payment of long-term note payable (-$375,000) and proceeds from the sale of common shares (+$500,000), resulting in a net cash flow of $125,000.

Colin Corp What Was the Cash Flow from Financing Activities? A)$57,800 B)$72,800

Colin Corp What Was the Cash Flow from Financing Activities?
A)$57,800
B)$72,800