Question
JNH Corporation had the following transactions during 2021: 1. Issued $50,000 of par value common stock for cash. 2. Repaid a 6 year bonds
JNH Corporation had the following transactions during 2021: 1. Issued $50,000 of par value common stock for cash. 2. Repaid a 6 year bonds payable in the amount of $30,000. 3. Acquired land for cash of $50,000. 4. Declared and paid a cash dividend of $8,000. 5. Sold an equipment for cash of $30,000. 6. Collected $10,000 from sale of goods What is the net cash provided by financing activities? Answer: a. $12,000 b. $72,000 c. $42,000 d. $20,000
Step by Step Solution
3.33 Rating (135 Votes )
There are 3 Steps involved in it
Step: 1
Answer a 12000 Note 1 Net cash provided by financing activitie...Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get StartedRecommended Textbook for
Horngrens Financial And Managerial Accounting The Financial Chapters
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
6th Edition
978-0134486840, 134486838, 134486854, 134486846, 9780134486833, 978-0134486857
Students also viewed these Accounting questions
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
View Answer in SolutionInn App