Solved

Miser Materials Paid $27,500 in Dividends and $28,311 in Interest

Question 90

Multiple Choice

Miser Materials paid $27,500 in dividends and $28,311 in interest over the past year while net working capital increased from $13,506 to $18,219.The company purchased $42,000 in net new fixed assets and had depreciation expenses of $16,805.During the year,the firm issued $25,000 in net new equity and paid off $21,000 in long-term debt.What is the amount of the cash flow from assets?


A) $21,811
B) $30,811
C) $36,189
D) $49,811
E) 51,811

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents