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22.6-9a :5 Question He PipCo financial statements included the following amounts for the current year: Retired preferred stoc

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Answer #1

Answer :- Calculation of Net Cash Flow From Financing Activities :-

Net Cash Flow From Financing Activities = Issue new bonds - dividends paid - retired preferred stocks

Net cash flow from financing activities = $78,000 - $32,000 - $55,000

Net Cash outflow from financing activities = ($9,000)

So the Cash outflow from financing activities is $9,000. Therefore the correct answer is option A ( $9,000 outflow)

Loaned cash to key supplier and sold used delivery truck will not consider in financing activities . These are consider in Investing activities.

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