Flow Company Has Provided the Following Information for the Year

question 57

Multiple Choice

Flow Company has provided the following information for the year ended December 31,2010:
Cash paid for interest,$20,000;
Cash paid for dividends,$6,000;
Cash dividends received,$4,000;
Cash proceeds from bank loan,$29,000;
Cash purchase of treasury stock,$11,000;
Cash paid for equipment purchase,$27,000;
Cash received from common stock sale,$37,000;
Cash received from sale of land with a $32,000 book value,$25,000;
Acquisition of land costing $51,000 in exchange for preferred stock issuance.
Paid a $100,000 note payable by exchanging used machinery with a $77,000 book value.
How much was Flow's net cash flow from financing activities?

• A)A net outflow of $51,000.
• B)A net inflow of $29,000.
• C)A net outflow of $53,000.
• D)A net inflow of $49,000.

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Definitions:

Authenticity

Authenticity is the degree to which an individual, object, or presentation is true to its own character, spirit, or origin, often seen as sincerity and genuineness.

Psychological Empowerment

A state in which individuals feel a sense of control over their work and perceive their actions as meaningful, competent, and self-determined.

Self-Determination

The process by which a person controls their own life, making choices and decisions based on personal preferences and interests without undue influence from others.

Responsibility

The obligation to carry out duties and make decisions within a role, organization, or towards society.