Solved

Please Refer to Table 3-2 for the Following Questions

Question 19

Multiple Choice

Please refer to Table 3-2 for the following questions.
Table 3-2
Enigma has the following financial information:
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)
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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions