Kanaskas Corp Had the Following Activities During the Year What Was Kanaskas' Cash Flow from Financing Activities for the

question 63

Multiple Choice

Kanaskas Corp had the following activities during the year: $$\begin{array} { l r } \text { Proceeds from the sale of land } & \$ 300,000 \\\text { Gain on sale of land } & \$ 50,000 \\\text { Proceeds from the issue of common shares } & \$ 1,000,000 \\\text { Purchase of equipment } & \$ 450,000 \\\text { Repayment of mortgage outstanding on the sold land } & \$ 200,000 \\\text { Interest paid } & \$ 22,500 \\\text { Dividends paid } & \$ 10,000\end{array}$$ What was Kanaskas' cash flow from financing activities for the year?

• A)$767,500 inflow
• B)$790,000 inflow
• C)$800,000 inflow
• D)$1,000,000 inflow

---

Definitions:

Net Advantage

The benefit or advantage one entity has over competitive entities, often assessed in terms of efficiency, cost, or market position.

After-Tax Lease Payment

The lease payment amount after accounting for tax deductions or benefits.

Tax Rate

The percentage at which an individual or corporation is taxed.

CCA Rate

Capital Cost Allowance Rate, a tax deduction in some jurisdictions that reflects the depreciation of property, plant, and equipment.