During 2018,Victory Solutions Had the Following Cash Flows: (1)received Cash

question 45

Multiple Choice

During 2018,Victory Solutions had the following cash flows: (1) received cash of $5,000 billed to a customer in 2017; (2) earned $20,000 of net income; (3) paid interest of $6,000 on a corporate bond issued; (4) paid dividends of $8,000 to its stockholders; (5) borrowed $40,000 from a local bank;and (6) purchased its own shares of common stock for $10,000.What is Victory Solution's net cash flows from financing activities for 2018?

• A)$40,000.
• B)$30,000.
• C)$22,000.

---

Definitions:

Culture-Group Biases

The tendency to judge or interpret situations, behaviors, and individuals based on the norms and values of one's own cultural group.

Minority Cultures

Groups with distinct cultural, ethnic, or racial identities that are smaller or less dominant within a larger society.

Multicultural Organization

An organization that values diversity, incorporates a broad range of perspectives and backgrounds, and actively promotes inclusiveness and understanding across different cultures.

Minority-Owned Organization

A business enterprise that is at least 51% owned, operated, and controlled by individuals from a recognized minority group.