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

question 32

Multiple Choice

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

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Definitions:

Common Reasons

Frequently encountered or widely accepted causes or justifications for an action or event.

Resist Change

The tendency of individuals or organizations to oppose or struggle against modifications to their current state or practices.

Systems Dynamics

A methodology for understanding the behavior of complex systems over time through stocks, flows, feedback loops, and time delays.

Wishful Fantasy

Engaging in imaginative thoughts about desires or situations with little grounding in reality, often as a form of mental escape.