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.

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Definitions:

Credit Card

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