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A Company's Activities for the Year Ended December 31,2018 Included

Question 51

Multiple Choice

A company's activities for the year ended December 31,2018 included the following: • Declared and issued a stock dividend valued at $50,000.
• Paid $975,000 to repurchase bonds.The book value of the bonds was $1,000,000.
• Made a $20,000 principal payment on a bank loan.
How much will be presented as cash flow from financing activities?


A) $955,000
B) -$975,000
C) $980,000
D) -$995,000

Correct Answer:

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