Avondale Inc. had the following cash transactions during 2018: Sales receipts $2,000,000 Inventory payments 1,500,000 Interest payments
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Question:
Avondale Inc. had the following cash transactions during 2018:
Sales receipts | $2,000,000 |
Inventory payments | 1,500,000 |
Interest payments | 20,000 |
Wage payments | 120,000 |
Dividend receipts | 10,000 |
Interest receipts | 6,000 |
Equipment purchased | 150,000 |
Stock of Canton Company purchased | 50,000 |
Stock issued | 300,000 |
Repaid a note (non-operating) | 100,000 |
What was Avondale's net cash provided by (used in) financing activities?
a. $300,000
b. $150,000
c. $200,000
d. $100,000
Related Book For
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
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