2A4D SELECTED FINANCIAL INFORMATION FOR KRISTINA COMPANY FOR THE YEAR...
97.
CSO: 2A4d
LOS: 2A4d
Selected financial information for Kristina Company for the year just ended is shown
below.
Net income
$2,000,000
Increase in accounts receivable
300,000
Decrease in inventory
100,000
Increase in accounts payable
200,000
Depreciation expense
400,000
Gain on the sale of available-for-sale securities
700,000
Cash receivable from the issue of common stock
800,000
Cash paid for dividends
80,000
Cash paid for the acquisition of land
1,500,000
Cash received from the sale of available-for-sale
2,800,000
securities
Kristina’s cash flow from financing activities for the year is
a.
$(80,000).
b.
$720,000.
c.
$800,000.
d.
$3,520,000.