Quick practice
Question 1 of 5
Earth Corp. has the following transactions in 20X5.
Earth's equipment with a book value of $55,000 was sold for $85,000 cash.
A parcel of land was purchased for $100,000 worth of Earth common stock.
ABC company paid Earth preferred dividends of $40,000.
Earth declared and paid a $100,000 cash dividend.
Under U.S. GAAP, what is cash flow from financing (CFF) for Earth for 20X5?
A
–$60,000
B
–$115,000.
C
–$100,000
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