Aloha Corporation had the following activities during the year: Proceeds from the sale of land

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answerhappygod
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Aloha Corporation had the following activities during the year: Proceeds from the sale of land

Post by answerhappygod »

Aloha Corporation had the following activities during the
year:
Proceeds from the sale of land
$300,000

Gain on sale of land
$50,000

Proceeds from the issue of common shares
$1,000,000

Declaration of 10% stock dividend
$450,000

Repayment of mortgage outstanding on the sold land
$200,000

Granted stock options to employees
$50,000

Interest paid

$22,500
Dividends paid

$10,000
What was Aloha's cash flow from financing activities for the
year?
a
$740,000 inflow
b
$767,500 inflow
c
$790,000 inflow
d
$800,000 inflow
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