. Kollar Corp.'s transactions for the year ended December 31, 1988, included the following: Purchased...
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. Kollar Corp.'s transactions for the year ended December 31, 1988, included the following: Purchased real estate for $550,000 cash which was borrowed from a bank. Sold investment securities for $500,000. Paid dividends of $600,000. Issued 500 shares of common stock for $250,000. Purchased machinery and equipment for $125,000 cash. Paid $450,000 toward a bank loan. Reduced accounts receivable by $100,000. Increased accounts payable by $200,000. . Kollar's net cash used in investing activities for 1988 was a. $675,000 b. $375,000 c. $175,000 d. $50,000 1. Kollar's net cash used in financing activities for 1988 was a. $50,000 b. $250,000 c. $450,000 d. $500,000
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