PipCo Financial Statements Included the Following Amounts for the Current

question 9

Multiple Choice

PipCo financial statements included the following amounts for the current year: $$\begin{array} { | l | r | } \hline \text { Retired preferred stock } & \$ 60,000 \\\hline \text { Loaned cash to key supplier } & 17,000 \\\hline \text { Dividends paid } & 23,000 \\\hline \text { Sold used delivery truck } & 44,000 \\\hline \text { Issued new bonds } & 71,000 \\\hline\end{array}$$
Based on this information, what is the amount of net cash flows from financing activities?

• A) $88,000 net inflow
• B) $12,000 net inflow
• C) $12,000 net outflow
• D) $11,000 net outflow

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