During 2010,Tommy's Toys reported the following:
Long-term debt repayments,$503 million; interest paid,$143 million; proceeds from exercise of stock options,$27 million,and issue of common stock in exchange for land costing $10 million.How much is the 2010 net cash flow from financing activities?
A)$476 million net cash outflow.
B)$530 million net cash outflow.
C)$673 million net cash outflow.
D)$76 million net cash outflow.

Question

Quizplus · Accepted Answer

Net financing cash outflow (-$476 million) = Long-term debt payment (-$503)+ Stock option proceeds ($27)

During 2010,Tommy's Toys Reported the Following