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.

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

Trusted by Students Everywhere

Why Choose Us?

0% AI Guarantee

Human-written only.

24/7 Support

Anytime, anywhere.

Plagiarism Free

100% Original.

Expert Tutors

Masters & PhDs.

100% Confidential

Your privacy matters.

On-Time Delivery

Never miss a deadline.

Lab Industries, Inc

Accounting Jan 22, 2021

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.

Expert Solution

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

Archived Solution

Unlocked Solution

You have full access to this solution. To save a copy with all formatting and attachments, use the button below.

Already a member? Sign In

Important Note: This solution is from our archive and has been purchased by others. Submitting it as-is may trigger plagiarism detection. Use it for reference only.

For ready-to-submit work, please order a fresh solution below.

Or get 100% fresh solution

Get Custom Quote