Wisconsin Company Reported Selected Accounts as Follows Dividends of $8,800 Were Declared and Paid by December 31,2015

question 92

Multiple Choice

Wisconsin Company reported selected accounts as follows:
$$\begin{array} { l l l } & \text { December 31,2014 } & \text { December 31,2015 } \\\text { Accounts payable } & \$ 20,000 & \$ 30,000 \\\text { Gonds payable } & \$ 40,000 & \$ 28,000 \\\text { Common stock } & \$ 20,000 & \$ 24,000\end{array}$$
Dividends of $8,800 were declared and paid by December 31,2015.What was the net cash flow from financing activities for the year ended December 31,2015?

• A) $6,800 cash outflow
• B) $16,800 cash outflow
• C) $6,800 cash inflow
• D) $16,800 cash inflow

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Definitions:

Informal Groups

Groups within an organization that form naturally among employees, based on common interests or friendships rather than formal structures.

Drive To Bond

An innate drive in humans to form close and meaningful relationships with others.

Directly Interact

To engage or communicate with someone or something without any intermediary or tool.

Coordinate Work

The process of organizing and aligning activities, tasks, and projects to ensure they are executed in a harmonious and efficient manner.