Bonita’s Vegetable Market had the following transactions during 2016:
1. Issued $53000 of par value common stock for cash.
2. Repaid a 6 year note payable in the amount of $23000.
3. Acquired land by issuing common stock of par value $53000.
4. Declared and paid a cash dividend of $6900.
5. Sold a long-term investment (cost $3500) for cash of
$5500.
6. Acquired an investment in IBM stock for cash of $10500.
What is the net cash provided by financing activities?
A.$23100
B. $30000
C. $70400
D. $0
Net cash provided by financing activities = 53,000 - 23,000 - 6900 = 23,100 Option A is the answer |
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Bonita’s Vegetable Market had the following transactions during 2016: 1. Issued $53000 of par value common...
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