Question
Pro Sports had the following transactions during 2017: 1. Issued $200,000 of par value ordinary shares for cash. 2. Repaid a 10 year note payable
Pro Sports had the following transactions during 2017:
1. Issued $200,000 of par value ordinary shares for cash.
2. Repaid a 10 year note payable in the amount of $45,000.
3. Acquired land by issuing ordinary shares of par value $300,000.
4. Declared and paid a cash dividend of $6,000.
5. Sold a non-current investment (cost $84,000) for cash of $15,000.
6. Acquired an investment in HSE shares for cash of $30,000.
What is the net cash provided by financing and investing activities respectively?
a. | $149,000; ($15,000) | |
b. | $119,000; $15,000 | |
c. | $149,000; ($315,000) | |
d. | $164,000; ($30,000) |
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