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.

Understand the definitions and differences between moral, amoral, and immoral managers.

Understand the influence of historical figures and events on Eastern Orthodox Christian art and architecture.

Recognize the symbolic significance of iconography in Byzantine art.

Identify key architectural components and innovations in Byzantine structures.

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Definitions:

Equity Method

An accounting technique used to record the investments in other companies where the investor has significant influence but does not have full control.

Gross Profit

The difference between revenue and the cost of goods sold before accounting for other expenses.

Intra-Entity Sales

Transactions of goods, services, or assets between divisions within the same organization.

Significant Influence

The capacity to affect the financial and operating policies of another entity without having control or full ownership, often through ownership of a sizable percentage of voting shares.