Question
Please answer asap Honey Pot Corporation has the following data for the current year. $24,000 issuance of common stock $61,000 redemption of bonds payable $18,000
Please answer asap
Honey Pot Corporation has the following data for the current year.
$24,000 issuance of common stock
$61,000 redemption of bonds payable
$18,000 issuance of note for new equipment
$21,000 increase in accounts payable
$96,000 bonds converted to common stock
$4,800 decrease in retained earnings on comparative balance sheet
$6,700 net income
What is the amount of net cash provided (used) by financing activities?
If there is net cash provided by financing activities, enter as a positive number. Examples: 1003 or 20058
If there is net cash used by financing activities, enter as a negative number. Examples: -1003 or -20058 --- Do not use parentheses!
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