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A corporation reported in their balance sheet for 2013 and 2012: Additional information for 2013: (1.) Sold available-for-sale securities costing $69,500 for $74,000. (2.) Equipment
A corporation reported in their balance sheet for 2013 and 2012:
Additional information for 2013: (1.) Sold available-for-sale securities costing $69,500 for $74,000. (2.) Equipment costing $20,000 with a book value of $5,000 was sold for $6,000. (3.) Issued 6% bonds payable at face value, $200,000. (4.) Purchased new equipment for $145,000 cash. (5.) Paid cash dividends of $20,000. (6.) Net income was $50,000.
What is the net cash provided (used) by financing activities?
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To determine the net cash provided used by financing activities we need to focus on cash fl...
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