Aloha Corporation had the following activities during the year: Proceeds from the sale of land
Posted: Tue Apr 26, 2022 9:58 am
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
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