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Jost's Co. had the following transactions during 2019: 1. Issued $50,000 of par value common stock for cash. 2. Repaid a 6 year note payable
Jost's Co. had the following transactions during 2019: 1. Issued $50,000 of par value common stock for cash. 2. Repaid a 6 year note payable in the amount of $22,000. 3 Acquired land by issuing common stock of par value $50,000. 4. Declared and paid a cash dividend of $7,000. 5. Sold a long-term investment (cost $3,000) for cash of $6,000. 6. Acquired an investment in IBM stock for cash of $10,000 What is the net cash provided by financing activities? Select one: O A. $21,000 B. $67,000 C. $28,000 0 D. $0 E. None of the above
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