a Ryan Ltd. sold equipment with a book value of $120,000 for a $20,000 gain,...
80.2K
Verified Solution
Link Copied!
Question
Accounting
a Ryan Ltd. sold equipment with a book value of $120,000 for a $20,000 gain, sold Ryan Ltd. common stock for $250,000, repaid a notes payable for $200,000 (this amount includes $20,000 of interest on the notes payable), paid dividends of $50,000, resold treasury stock for $25,000 (the treasury stock was originally purchased for $15,000), and received dividends in the amount of $35,000. The net cash inflow from financing activities was: O $30,000 O $33,000 O $45,000 O $118,000 O None of the above
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
