The following events occurred last year for the Bronze Company:
Considering only the above transactions, the net cash flow from financing activities on the statement of cash flows was:

A) $25,000.
B) $30,000.
C) $76,000.
D) $43,000.

Question

The following events occurred last year for the Bronze Company:  
Considering only the above transactions, the net cash flow from financing activities on the statement of cash flows was:

A) $25,000. 
B) $30,000. 
C) $76,000. 
D) $43,000.

Quizplus · Accepted Answer

Net cash flow from financing activities = Issuance of common stock - Purchase of treasury stock - Payment of dividends to common stockholders = $90,000 - $50,000 - $10,000 = $30,000

The Following Events Occurred Last Year for the Bronze Company