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Lab Industries, Inc

Accounting

Lab Industries, Inc.,

  • issued $53,000 of bonds,
  • paid cash dividends of $8,300,
  • sold long-­term investments for $12,300,
  • received $5,300 of dividend revenue,
  • purchased treasury stock for $15,300, and
  • purchased new equipment for $19,300.

What is the net cash flow from financing activities?

Group of answer choices

$62,300 inflow

$29,400 inflow.

$27,700 outflow.

$19,300 inflow.

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Answer  
Option (b) 29,400  
   
   
Extract  
Cash Flow from Financing Activities
Receipts From Issue of Bond $           53,000
Paid Cash dividend $          (8,300)
Paid for purchase of treasury stock $        (15,300)
Cash flow from financing activities $           29,400