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8 April, 16:01

Yi Company began operations on January 1, 2013. During 2013, the company engaged in the following cash transactions:

1) issued stock for $48,000

2) borrowed $29,000 from its bank

3) provided consulting services for $46,000

4) paid back $19,000 of the bank loan

5) paid rent expense for $11,000

6) purchased equipment costing $16,000

7) paid $3,400 dividends to stockholders

8) paid employees' salaries, $25,000

What is Yi's cash flow from financing activities?

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  1. 8 April, 17:01
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    Financing

    from stock issuance 48,000

    loan from bank 29,000

    payment of loan (11,000)

    dividends paid (3,400)

    Cash flow generated from financing activities 62,600

    Explanation:

    Financing activities:

    Thse associate with the issaunce of stock, the dividen of those stock, and debt operation, such as issued bonds or loan and their payment.
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