Team Shirts,Inc.issued $100,000 in common stock,borrowed $20,000,and paid $5,000 in dividends.The amount of net cash from (or used for)FINANCING activities is ________.
A)$80,000
B)$75,000
C)$115,000
D)$(125,000)

Question

Quizplus · Accepted Answer

Issuing common stock ($100,000) and borrowing ($20,000) are inflows of cash, totaling $120,000. Paying dividends ($5,000) is an outflow. Net cash from financing activities is $120,000 - $5,000 = $115,000.