Please Refer to Table 3-2 for the Following Questions

question 19

Multiple Choice

Please refer to Table 3-2 for the following questions.
Table 3-2
Enigma has the following financial information:

No changes were made in interest payable or taxes payable.
-A firm paid dividends of $10,000,paid interest of $20,000,reduced debt principal outstanding (paid off debt) in the amount of $100,000,and sold new stock for $150,000.What was the firm's cash flow from financing activities?

• A) +$20,000 ($20,000 flowed into the firm)
• B) -$20,000 ($20,000 flowed out of the firm)
• C) +$280,000 ($280,000 flowed into the firm)
• D) -$280,000 ($280,000 flowed out of the firm)

---

Definitions:

Endorsement

A signature or statement of support for a person, product, or service, often used in the context of financial instruments to transfer rights to another party.

Transferee

The party to whom rights, titles, or interests are transferred or assigned from another party.

Receiving

The process of accepting delivery of goods, verifying them against purchase orders, and formally acknowledging possession.

Cashier's Check

A check issued by a bank, drawn on its own funds rather than that of a personal account, ensuring the availability of funds.