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What was the cash flow from financing activities

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Question - Madison Co had the following activity during 20X7:

Face value of bond issuance $200,000

Amortization of bond premium 2,000

Unamortized premium on bond issue 12,000

Payment of long-term note payable 45,000

Dividends paid to shareholders 25,000

Sale of shares 125,000

Gain on the sale of equipment 75,000

What was the cash flow from financing activities?

$255,000

$269,000

$300,000

$267,000

Reference no: EM132234158

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