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01-09-2020
Business

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Riverside Company issued long-term debt of 350 paid dividends of 20 and issued capital stock of 100. Cash flow from financing activities was:________a. 410 b. 420 c. 430 d. 440

Respuesta :

Ritmeks Ritmeks

02-09-2020

Answer:

430

Explanation:

Riverside company issued a long term debt of 350

They paid dividend of 20

They also issued a capital stock of 100

Therefore the cash flow from financing activities can be calculated as follows

=long term debt - dividend + issued capital stock

= 350-20+100

= 330+100

= 430

Hence the cash flow from financing activities was 430

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