Financial Reporting and Analysis Q163
163The following information is available for Frampton Corporation Ltd.
| Cash received from customers | $12,000 |
| Cash paid to employees | $2,000 |
| Cash paid for income tax | $1,500 |
| Cash paid for purchase of equipment | $20,000 |
| Cash paid for dividends | $1,800 |
| Cash paid to retire long term debt | $15,000 |
The net cash from financing activities is closest to:
- Option : B
- Explanation : Cash paid for dividends + cash paid to retire long term debt, 1800+15000 = 16800$.
