APS Company Issued 15,000 Shares of $1 Par Common Stock

question 136

Multiple Choice

APS Company issued 15,000 shares of $1 par common stock for $40 per share during 2014. The company paid dividends of $36,000 and issued long-term notes payable of $330,000 during the year. What amount of cash flows from financing activities will be reported on the statement of cash flows?

• A) $9,000 net cash inflow.
• B) $264,000 net cash inflow.
• C) $705,000 net cash outflow.
• D) $894,000 net cash inflow.

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Definitions:

Psychological Symptoms

Signs or indicators of a psychological disorder, including mood swings, anxiety, and changes in behavior or thought patterns.

Mental Health Professional

A healthcare provider specializing in diagnosing and treating mental illnesses and disorders, often offering therapy and medication management.

Hans Eysenck

A psychologist known for his work in the fields of personality and intelligence, including the development of a model of personality traits.

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