Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 1. issued $50,000 of par value common stock for ca

1. Issued $50,000 of par value common stock for cash. 2. Repaid a 6 year...

60.1K

Verified Solution

Question

Accounting

1. Issued $50,000 of par value common stock for cash. 2. Repaid a 6 year note payable in the amount of $22,000. 3. Acquired land by issuing common stock of par value $50,000. 4. Declared and paid a cash dividend of $7,000. 5. Sold a long-term investment (cost $3,000) for cash of $6,000. 6. Acquired an investment in IBM stock for cash of $10,000.

What is the net cash provided by financing activities?

$21,000

$28,000

$0

$67,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

determine if it is TRUE or FALSE. If you determine it to be a FALSE statement,change...

Medical Sciences
Q

A student obtained the following data for the gas phase decomposition of nitrosyl chloride at 400...

Chemistry
Q

On a cloudless day, the sunlight that reaches the surface of the Earth has an intensity...

Physics
Q

Suppose that you have $6500 to invest, and you invest x dollars at 12% and...

Basic Math
Q

QUESTION 2 (25 marks) The proprietor of Just Right Computer Services,...

Accounting
Q

The following costs have been incurred by a company. Which are prevention costs (identify) and...

Accounting
Q

Required information [The following information applies to the questions displayed below.] The following information is...

Accounting
Q

Two accountants for the firm of Elwes and Wright are arguing about the merits of...

Accounting
Q

Bridgeport Corporation purchased a new plant asset on April 1, 2017, at a cost of...

Accounting
Q

(Cick. the icon to virw transactun data.) Dequired Hecart roch irarraction in the juental...

Accounting
Q

After exiting from Eurozone, Jaguar is doing its projections in Euro. They also believe that...

Finance
Q

Problem 1 Jackson Company purchased a new piece of equipment on July 1, 2021 at...

Accounting