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A firm paid dividends of $10,000, paid interest of $20,000, reduced debt principal outstanding (paid off debt) in the amount of $100,000, and sold new stock for $150,000. What was the firm’s cash flow from financing activities?

A) +$20,000 ($20,000 flowed into the firm)-

B) +$280,000 ($280,000 flowed into the firm)

C) -$280,000 ($280,000 flowed out of the firm)

D) -$20,000 ($20,000 flowed out of the firm)

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92061159

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