Georgia Company has the following data available:
$\begin{array}{lll}&\text { December } & \text { December } \
&31,2011 & 31,2012\
\text { Fixed Assets } & \$ 125 & \$ 125 \
\text { Accumulated Depreciation } & \$ 110 & \$ 117 \
\text { Long-term debt } & \$ 125 & \$ 5 \
\text { Commonstock } & \$ 300 & \$ 400 \
\text { Retained earnings } & \$ 100 & \$ 120
\end{array}$
No dividends were declared or paid for the year ending December 31,2012.What is the net cash flow from financing activities for the year ended December 31,2012?
A) $20 cash inflow
B) $20 cash outflow
C) $100 cash inflow
D) $120 cash outflow

Question

Quizplus · Accepted Answer

The Answer of Georgia Company has the following data available:
$\begin{array}{lll}&\text { December } & \text { December } \
&31,2011 & 31,2012\
\text { Fixed Assets } & \$ 125 & \$ 125 \
\text { Accumulated Depreciation } & \$ 110 & \$ 117 \
\text { Long-term debt } & \$ 125 & \$ 5 \
\text { Commonstock } & \$ 300 & \$ 400 \
\text { Retained earnings } & \$ 100 & \$ 120
\end{array}$
No dividends were declared or paid for the year ending December 31,2012.What is the net cash flow from financing activities for the year ended December 31,2012?
A) $20 cash inflow
B) $20 cash outflow
C) $100 cash inflow
D) $120 cash outflow

Georgia Company Has the Following Data Available No Dividends Were Declared or Paid for the Year Ending