Selected changes to Balance Sheet accounts, information from the Income Statemen

Question

Selected changes to Balance Sheet accounts, information from the Income Statement and Details of certain transactions for Hi-Tech Inc. are as follows:

Depreciation Expense                 $12,000        Cash Payment of Dividends                   $ 2,000
Cash Receipts for Sale of Stock      7,000        Cash Receipts from Sale of Equipment 18,000
Increase in Merchandise Inventory   5,000        Increase in Total Current Liabilities      13,000
Cash Purchase of Equipment        22,000        Net Income                                         50,000

What is the Cash provided or (used) from Hi-Tech's Financing Activities?

($5,000)

Explanation / Answer

Cash flow from financing activities :

so answer is c) $5000

Cash flow from financing activities Sale of stock 7000 Dividend paid (2000) Net cash flow from financing activities 5000

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