Question
37. The following transactions occurred last year at Jowlson Company: Issuance of shares of the company's own common stock....$40,000 Dividends paid to the comapany's own
37. The following transactions occurred last year at Jowlson Company:
Issuance of shares of the company's own common stock....$40,000
Dividends paid to the comapany's own shareholders....$3,000
Dividends recieved for investments in other companies shares......$5,000
Interest paid on the company's own bonds................$22,000
Repayment of principla on the companys own bonds..........$100,000
Proceeds from the sale of the companys used equipment...........$29,000
Purchase of Land.................$80,000 Based solely on the above information, the net cash provided by financing activities for the year on the statement of cash flows would be: A. $(131,000) B. $279,000 C. $(63,000) D. $(85,000)
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