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Andrews [41]
3 years ago
6

During Year 5, Stout Inc. made a cash payment of $186,000 on dividends declared in Year 4 and paid $2,650,000 to retire $2,620,0

00 of long-term bonds payable early. The company also sold treasury stock purchased for $258,000 for $300,000 and had $360,000 of preferred stock converted into shares of common stock. Based on this information, what was Stout's net cash flows from financing activities for Year 5? a. $2,548,0 b. $2,536,0 c. $1,990,0 d. $2,176,0
Business
1 answer:
Mila [183]3 years ago
4 0

Answer:

b. $2,536,000

Explanation:

The computation of the net cash flows from financing activities is presented below:

Cash flows from financing activities

Cash payment on dividend declared -$186,000

Sale value of treasury stock $300,000

Cash paid to retire of long term bond -$2,650,000

Net cash flows used by financing activities -$2,536,000

The cash outflow is in negative sign whereas the cash inflow is in positive sign

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3 years ago
Which of the following does a firm possess when it can outperform other firms in the same industry or the industry average over
never [62]

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8 0
2 years ago
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6 0
3 years ago
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Lake Company reported beginning and ending Total Assets of $25,000 and $35,000 respectively. The Net Sales for the year were $15
Leto [7]

Answer:

0.50

Explanation:

Calculation for What is the asset turnover ratio

Using this formula

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7 0
2 years ago
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