Question

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?

Answer 1

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

Step-by-step 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.