Trident Company Had the Following Cash Flows in the Current

question 13

Multiple Choice

Trident Company had the following cash flows in the current year. Which one of the following is a financing activity cash flow?

• A) Rent on a warehouse amounting to $1.1 million
• B) Purchase of $125,000 worth of five-year bonds issued by Towson Utilities
• C) Preference dividends to the tune of $330,000 paid to shareholders
• D) Lease income received on a piece of land

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