Miracle Company purchased treasury stock with a cost of $15,000 during 2013. During the year, the company paid dividends of $20,000 and issued bonds payable for proceeds of $866,000. Cash flows from financing activities for 2013 total:



A. $846,000 net cash inflow.


B. $831,000 net cash inflow.


C. $861,000 net cash inflow.


D. $866,000 net cash outflow.

Answers

Answer 1

Answer:

The correct answer is option (b) $831,000 net cash inflow.

Explanation:

Solution

Recall that:

Company miracle bought stock treasury with a cost of = $15,000

Dividends paid =  $20,000

Bond issued =$ 866,000

Now,

The cash flow from financing activities is calculated as follows:

Bonds payable -Purchased treasury stock - Dividend paid

$866,000 - $15,000-$20,000

= $831,000

Therefore, The net cash flow is $831,000


Related Questions

What are the advantages of crème makeup over pancake makeup?

Answers

Answer:

Explanation:

Pancake makeup is the trademarked name held by the Noxell Corporation for a cosmetic face powder that has been compressed into a cake and is applied as a make-up base with a damp sponge. Great for All Skin Types. Because Cream foundation works well on all skin types it will answer the question whether it is right for you. .. So both are great for skin depending on what brand or kind

Answer:

       Pancake makeup is the trademarked name held by the Noxell Corporation for a cosmetic face powder that has been compressed into a cake and is applied as a make-up base with a damp sponge or beauty blender.

Which statement is true?

A.
Taxes are higher on short-term investments than long-term investments.
B.
Short-term investments are less prone to price volatility than long-term investments.
C.
Short-term investments require greater diversification than long-term investments.
D.
Short-term investments incur lower transaction fees than long-term investments.
E.
Short-term investments have a higher inflationary risk than long-term investments.

Answers

Answer:

c

Explanation:

plato

The actual statement is that taxes are higher on short-term than long-term investments. Thus the correct option is C.

What is Investment?

A purchase made for the purpose of earning money or appreciating in value is known as an investment. The investor will make a long-term profit from their investment in any asset or object.

When short-term investments are made for shorter periods of time with lower returns, they are subject to higher tax rates since they are taxed at the investor's regular income tax rate.

Long-term investments are taxable at an amount that is often lower than ordinary income tax rates since they are subject to long-term capital gains taxation.

The investor must retain the property for more than a year in order to be eligible for this lower rate, which is understood to represent a higher investment with higher risk and higher return.

Therefore, option C is appropriate.

Learn more about Investment, here:

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PLEASE!!!
Which of the following is an example of economic globalization?


A. a chicken farm supplying eggs to the neighboring village

B. a mobile grocery selling organic food across New York City

C. an on-demand beauty salon that provides home service

D. a Japanese store selling tea and spices from South Asia

Answers

Answer:

The example that represents economic globalization is:

D. a Japanese store selling tea and spices from South Asia

Explanation:

The reason behind this answer is that globalization is the concept designed to understand the economic activity of a certain country outside its borders and engaging commercial activities in its zone with different countries or in zones further away. Then, because they are doing business around the globe they are doing a globalization economy.

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