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Kinross Corp Had the Following Activities During the Year What Was Kinross' Cash Flow from Financing Activities for the

Question 69

Multiple Choice

Kinross Corp had the following activities during the year:  Proceeds from the sale of land $300,000 Gain on sale of land $50,000 Proceeds from the issue of common shares $1,000,000 Purchase of equipment $450,000 Repayment of mortgage outstanding on the sold land $200,000 Interest paid $22,500 Dividends paid $10,000\begin{array} { | l | r | } \hline \text { Proceeds from the sale of land } & \$ 300,000 \\\hline \text { Gain on sale of land } & \$ 50,000 \\\hline \text { Proceeds from the issue of common shares } & \$ 1,000,000 \\\hline \text { Purchase of equipment } & \$ 450,000 \\\hline \text { Repayment of mortgage outstanding on the sold land } & \$ 200,000 \\\hline \text { Interest paid } & \$ 22,500 \\\hline \text { Dividends paid } & \$ 10,000 \\\hline\end{array} What was Kinross' cash flow from financing activities for the year?


A) $767,500 inflow
B) $790,000 inflow
C) $800,000 inflow
D) $1,000,000 inflow

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