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Svengool Inc. financial statements included the following amounts for the current year:

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Svengool Inc. financial statements included the following amounts for the current year:

Svengool Inc. financial statements included the following amounts for the current year:

Retired bonds$70,000
Proceeds from collection of note receivable39,000
Dividends received11,000
Acquired production machinery59,000
Sold treasury stock34,000

Based on this information, what is the amount of net cash flows from financing activities?
A) $104,000 net inflow
B) $84,000 net inflow
C) $34,000 net outflow
D) $36,000 net outflow

Textbook

Intermediate Accounting

Edition: 1^st

Authors: Gordon, Raedy, Sannella

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More solutions for this book are available here

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This site is awesome

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