Ryan Ltd. sold equipment with a book value of $80,000 for a $10,000 loss, sold Ryan Ltd. common stock for $145,000, repaid a notes payable for $220,000 (this amount includes $20,000 of interest on the notes payable), paid dividends of $35,000, resold treasury stock for $25,000 (the treasury stock was originally purchased for $15.000), and received dividends in the amount of $30,000. The net cash outflow from financing activities was:

Ryan Ltd. sold equipment with a book value of $80,000 for a $10,000 loss, sold Ryan Ltd. common stock for $145,000, repaid a notes payable for $220,000 (this amount includes $20,000 of interest on the notes payable), paid dividends of $35,000, resold treasury stock for $25,000 (the treasury stock was originally purchased for $15.000), and received dividends in the amount of $30,000. The net cash outflow from financing activities was:

Name: Ryan Ltd. sold equipment with a book value of $80.000 for a $10,000 l
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Description: Ryan Ltd. sold equipment with a book value of $80.000 for a $10,000 loss, sold Ryan Ltd. commonstock for $145,000, repaid a notes payable for $220,000 (this amount includes $20,000 of intereston the notes payable), paid dividends of $35.000, resold

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter14: Statement Of Cash Flows

Section: Chapter Questions

Problem 52P: Balance sheets for Brierwold Corporation follow: Additional transactions were as follows: a....

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