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?

Question

Yasmin Brady

Business

19 January, 21:29

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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Answers (1)

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Nikhil Bell · 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

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.