Question 17 ABC Company had the following balances at the beginning of the accounting period: Common...

Transcribed Image Text:

Question 17 ABC Company had the following balances at the beginning of the accounting period: Common Stock $4,200 Retained Earnings $1,090 ABC Company had the following transactions during the accounting period: (assume all transactions are cash transactions Issued Common Stock $630 Paid Cash Dividends $500 Sold Land $800 Incurred Operating Expenses $1,900 Paid Principal on Note Payable $500 Performed Services for Customers $2,500 What value would be reported for Net Cash Flow from Financing Activities? -$500 $130 $800 $370 4 Jy Question 17 ABC Company had the following balances at the beginning of the accounting period: Common Stock $4,200 Retained Earnings $1,090 ABC Company had the following transactions during the accounting period: (assume all transactions are cash transactions Issued Common Stock $630 Paid Cash Dividends $500 Sold Land $800 Incurred Operating Expenses $1,900 Paid Principal on Note Payable $500 Performed Services for Customers $2,500 What value would be reported for Net Cash Flow from Financing Activities? -$500 $130 $800 $370 4 Jy