During the year,Victory Solutions: (1)received cash of $5,000 billed to a customer in 2014; (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 Solution's cash flow from financing activities?

Question

Quizplus · Accepted Answer

The Answer of During the year,Victory Solutions: (1)received cash of $5,000 billed to a customer in 2014; (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 Solution's cash flow from financing activities?

During the Year,Victory Solutions: (1)received Cash of $5,000 Billed to a Customer