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Antaska Corp Had the Following Activities During the Year What Was Antaska's Cash Flow from Financing Activities for the

Question 69

Multiple Choice

Antaska Corp had the following activities during the year:  Proceeds from the sale of land $300,000 Gain on sale of land $50,000 Proceeds from the issue of common shares $1,000,000 Declaration of 10% stock dividend $450,000 Repayment of mortgage outstanding on the sold land $200,000 Granted stock options to employees $50,000 Interest paid $22,500 Dividends paid $10,000\begin{array} { | l | r | } \hline \text { Proceeds from the sale of land } & \$ 300,000 \\\hline \text { Gain on sale of land } & \$ 50,000 \\\hline \text { Proceeds from the issue of common shares } & \$ 1,000,000 \\\hline \text { Declaration of 10\% stock dividend } & \$ 450,000 \\\hline \text { Repayment of mortgage outstanding on the sold land } & \$ 200,000 \\\hline \text { Granted stock options to employees } & \$ 50,000 \\\hline \text { Interest paid } & \$ 22,500 \\\hline \text { Dividends paid } & \$ 10,000 \\\hline\end{array}
What was Antaska's cash flow from financing activities for the year?


A) $767,500 inflow
B) $790,000 inflow
C) $800,000 inflow
D) $740,000 inflow

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