Dasher Builder's, Inc. shows the following as of December 31, 2012. - Sold available for sales securities
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Dasher Builder's, Inc. shows the following as of December 31, 2012.
- Sold available for sales securities for $650,000
- Acquired 50% of Elven Corp's common stock for $310000 cash which was borrowed from Peppermint's Bank.
- Issued 2,000 shares of its preferred stock for land having a fair value of $50,000
- Purchased a patent for $170,000 cash
- Issued 1,000 of its 12% debenture bonds, due 2017, for $225,000 cash
- Paid $130,000 toward bank loan.
- Recognized $79,000 net increase in returnable long term customer deposits
Dasher's net cash provided by financing activities for 2012 is (Points: 5)
$614,000.
$535,000.
$484,000.
$405,000.
Common StockCommon stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...
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Related Book For
Using Financial Accounting Information The Alternative to Debits and Credits
ISBN: 978-1133161646
7th Edition
Authors: Gary A. Porter, Curtis L. Norton
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