Question
Net income $ 16,000 Cash dividends paid to stockholders 3,700 Cash proceeds from sale of land 3,850 Cash proceeds from bank loan 10,100 Cash payment
Net income $ 16,000 Cash dividends paid to stockholders 3,700 Cash proceeds from sale of land 3,850 Cash proceeds from bank loan 10,100 Cash payment (principal) on bank loan 2,800 Cash paid to purchase equipment 7,400. The company would report net cash provided by (used in) financing activities of:
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Introduction To Accounting
Authors: Peter Scott
2nd Edition
0198849966, 978-0198849964
