During 2012,Victoria Group: (1)received cash of $5,000 billed to a customer in 2011; (2)earned $20,000 of net income; (3)paid interest of $6,000 on a corporate bond issued; (4)paid dividends of $8,000 to its stockholders; (5)borrowed $40,000 from a local bank; and (6)purchased its own shares of common stock for $10,000.What is Victoria Group's cash flow from financing activities in 2012?
A.$40,000.
B.$30,000.
C.$22,000.
D.$16,000.

Question

Quizplus · Accepted Answer

The Answer of During 2012,Victoria Group: (1)received cash of $5,000 billed to a customer in 2011; (2)earned $20,000 of net income; (3)paid interest of $6,000 on a corporate bond issued; (4)paid dividends of $8,000 to its stockholders; (5)borrowed $40,000 from a local bank; and (6)purchased its own shares of common stock for $10,000.What is Victoria Group's cash flow from financing activities in 2012?
A.$40,000.
B.$30,000.
C.$22,000.
D.$16,000.

During 2012,Victoria Group: (1)received Cash of $5,000 Billed to a Customer