Question

1) Acquired $3,200 cash from issuing common stock. 2) Borrowed $2,300 from a bank. 3) Earned $3,200 of revenues. 4) Incurred $2,420 in expenses. 5) Paid dividends of $420. Lexington Company engaged in the following transactions during Year 2: 1) Acquired an additional $600 cash from the issue of common stock. 2) Repaid $1,370 of its debt to the bank. 3) Earned revenues, $4,600. 4) Incurred expenses of $2,790. 5) Paid dividends of $760. What is the net cash flow from financing activities on Lexington's statement of cash flows for Year 2? Multiple Choice $160 outflow $1,530 inflow $1,530 outflow $160 outflow $600 inflow

          1) Acquired $3,200 cash from issuing common stock.
2) Borrowed $2,300 from a bank.
3) Earned $3,200 of revenues.
4) Incurred $2,420 in expenses.
5) Paid dividends of $420.
Lexington Company engaged in the following transactions during Year 2:
1) Acquired an additional $600 cash from the issue of common stock.
2) Repaid $1,370 of its debt to the bank.
3) Earned revenues, $4,600.
4) Incurred expenses of $2,790.
5) Paid dividends of $760.
What is the net cash flow from financing activities on Lexington's statement of cash flows for Year 2?
Multiple Choice
$160 outflow
$1,530 inflow
$1,530 outflow
$160 outflow
$600 inflow

1) Acquired 3,200 cash from issuing common stock.
2) Borrowed2,300 from a bank.
3) Earned 3,200 of revenues.
4) Incurred2,420 in expenses.
5) Paid dividends of 420.
Lexington Company engaged in the following transactions during Year 2:
1) Acquired an additional600 cash from the issue of common stock.
2) Repaid 1,370 of its debt to the bank.
3) Earned revenues,4,600.
4) Incurred expenses of 2,790.
5) Paid dividends of760.
What is the net cash flow from financing activities on Lexington's statement of cash flows for Year 2?
Multiple Choice
160 outflow1,530 inflow
1,530 outflow160 outflow
600 inflow

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