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MissTica
3 years ago
7

The following transactions occurred last year at Dempsey Inc. Issuance of common stock $ 50,000 Dividends paid to common stockho

lders 3,000 Depreciation expense 6,000 Repayment of principal on the company's own bonds 40,000 Sale of equipment 17,000 Purchase of land 120,000 Based solely on the above information, the net cash flows from financing activities for the year on the statement of cash flows would be Select one:A) $249,000.B) $7,000.C) $(103,000).D) $(6,000).
Business
1 answer:
polet [3.4K]3 years ago
7 0

Answer:

B) $7,000

Explanation:

Dempsey's financing activities include:

  • Issuance of common stock $50,000
  • Dividends paid to common stockholders $3,000
  • Repayment of principal on the company's own bonds $40,000

net cash flow from financing activities = $50,000 - $3,000 - $40,000 = $7,000

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3 years ago
Consider an overlapping generation set up with pay-as-you-go social security system in a hypothetical economy. There are 100 old
Mandarinka [93]

Answer:

a) 3%

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Marlin Corporation reported pretax book income of $1,003,000. During the current year, the net reserve for warranties increased
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3 years ago
Read 2 more answers
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