Multiple Choice
Please refer to Table 3-2 for the following questions.
Table 3-2
Enigma has the following financial information:
No changes were made in interest payable or taxes payable.
-A firm paid dividends of $10,000,paid interest of $20,000,reduced debt principal outstanding (paid off debt) in the amount of $100,000,and sold new stock for $150,000.What was the firm's cash flow from financing activities?
A) +$20,000 ($20,000 flowed into the firm)
B) -$20,000 ($20,000 flowed out of the firm)
C) +$280,000 ($280,000 flowed into the firm)
D) -$280,000 ($280,000 flowed out of the firm)
Correct Answer:

Verified
Correct Answer:
Verified
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