Flow Company Has Provided the Following Information for the Year

question 26

Multiple Choice

Flow Company has provided the following information for the year ended December 31,2019: • Cash paid for interest,$20,000
• Cash paid for dividends,$6,000
• Cash dividends received,$4,000
• Cash proceeds from bank loan,$29,000
• Cash purchase of treasury stock,$11,000
• Cash paid for equipment purchase,$27,000
• Cash received from issuance of common stock,$37,000
• Cash received from sale of land with a $32,000 book value,$25,000
• Acquisition of land costing $51,000 in exchange for preferred stock issuance
• Payment of a $100,000 note payable by exchanging used machinery with a $77,000 book value and $100,000 fair value
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How much was Flow's net cash flow from financing activities?

• A)A net outflow of $51,000.
• B)A net inflow of $29,000.
• C)A net outflow of $53,000.
• D)A net inflow of $49,000.

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