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Spanner Company recorded the following transactions during 2017: Issuance of shares of common stock Purchase of stocks of other companies Dividends paid to the common
Spanner Company recorded the following transactions during 2017: Issuance of shares of common stock Purchase of stocks of other companies Dividends paid to the common shareholders Dividends received from investments in stocks of other companies Repayment of principal on long-term debt Interest paid on long-term debt Proceeds from the sale of plant assets Purchase of an intangible asset $170,000 $93,000 $30,000 $9,000 $156,000 $18,800 $123,000 $352,000 Based solely on the information above, the net cash provided by (used in) financing activities reported by Spanner Company in its 2017 statement of cash flows was: Multiple Choice $102,000 $(16,000) $(34,800) O $16,000
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