The following transactions occurred last year at Berry Inc.last year:

Based solely on the above information, net cash flow from financing activities for the year on the statement of cash flows would be:
A) $31,000.
B) $59,000.
C) $96,000.
D) $79,000.

Question

The following transactions occurred last year at Berry Inc.last year:

Based solely on the above information, net cash flow from financing activities for the year on the statement of cash flows would be:
A) $31,000. 
B) $59,000. 
C) $96,000. 
D) $79,000.

Quizplus · Accepted Answer

Net cash flow from financing activities = Issuance of common stock - Dividends paid to the common stockholders - Repayment of principal on the company's own bonds
= $170,000 - $9,000 - $65,000
= $96,000

The Following Transactions Occurred Last Year at Berry Inc