Solution-How much was ladybug net cash flow

How much was ladybug net cash flow

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Reference no: EM132801349

Question - Ladybug Company has provided the following information for the year ended December 31, 2019:

Cash paid for interest, $20,000.

Cash paid for dividends, $6,000.

Cash dividends received, $4,000.

Cash proceeds from bank loan, $29,000.

Cash purchase of treasury stock, $11,000.

Cash paid for equipment purchase, $27,000.

Cash received from issuance of common stock, $37,000.

Cash received from sale of land with a $32,000 book value, $25,000.

Acquisition of land costing $51,000 in exchange for preferred stock issuance.

Payment of a $100,000 note payable by exchanging used machinery with a $77,000 book value and $100,000 fair value.

Required - How much was Ladybug's net cash flow from financing activities under US GAAP?

a. A net outflow of $51,000

b. A net inflow of $49,000

c. A net inflow of $29,000

d. A net outflow of $53,000

Reference no: EM132801349

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How much was ladybug net cash flow

Reference no: EM132801349

Reference no: EM132801349

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