Question
Noble Company had the following activities in 2021: 1. Sold equipment for $320,000 cash 2. Issued common stock for $640,000 cash 3. Purchased stock
Noble Company had the following activities in 2021: 1. Sold equipment for $320,000 cash 2. Issued common stock for $640,000 cash 3. Purchased stock of ABC Company for $920,000 cash 4. Sold land for $530,000 cash 5. Purchased inventory for $1,000,000 cash 6. Purchased treasury stock for $810,000 cash 7. Issued bonds payable for $350,000 cash 8. Paid dividends of $120,000 cash 9. Collected on long-term note receivable for $760,000 cash 10. Purchased equipment for $860,000 cash What amount should the company report as net cash provided (used) by financing activities in its 2021 Statement of Cash Flows? To get partial credit, list out each activity, its amount, and its sign (positive or negative). Example: Activity Description: + $200,000
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