Lethbridge Ltd.had the following activities with creditors and shareholders during the year: $$\begin{array} { l r }
\text { Proceeds from long-term bank loan } & \$ 200,000 \
\text { Cash dividends paid to shareholders } & \$ 80,000 \
\text { Interest paid on bank loan } & \$ 12,000
\end{array}$$ What was Lethbridge's cash flow from financing activities for the year?

Question

Lethbridge Ltd.had the following activities with creditors and shareholders during the year: $$\begin{array} { l r } 
\text { Proceeds from long-term bank loan } & \$ 200,000 \
\text { Cash dividends paid to shareholders } & \$ 80,000 \
\text { Interest paid on bank loan } & \$ 12,000
\end{array}$$ What was Lethbridge's cash flow from financing activities for the year?

Quizplus · Accepted Answer

The Answer of Lethbridge Ltd.had the following activities with creditors and shareholders during the year: $$\begin{array} { l r } 
\text { Proceeds from long-term bank loan } & \$ 200,000 \
\text { Cash dividends paid to shareholders } & \$ 80,000 \
\text { Interest paid on bank loan } & \$ 12,000
\end{array}$$ What was Lethbridge's cash flow from financing activities for the year?

Lethbridge Ltd What Was Lethbridge's Cash Flow from Financing Activities for the the Year