Lethbridge Ltd What Was Lethbridge's Cash Flow from Financing Activities for the the Year

question 13

Multiple Choice

Lethbridge Ltd.had the following activities with creditors and shareholders during the year: $$\begin{array} { l r } \text { Proceeds from long-term bank loan } & \$ 200,000 \\\text { Cash dividends paid to shareholders } & \$ 80,000 \\\text { Interest paid on bank loan } & \$ 12,000\end{array}$$ What was Lethbridge's cash flow from financing activities for the year?

• A)$200,000 inflow
• B)$178,000 inflow
• C)$120,000 inflow
• D)$108,000 inflow

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