Statement of cash flows 2.Gonzalez Associates Inc. had $200,000 in cash on the balance sheet at the
Fantastic news! We've Found the answer you've been seeking!
Question:
Statement of cash flows
2.Gonzalez Associates Inc. had $200,000 in cash on the balance sheet at the beginning of the year.At year-end, the company had $100,000 in cash.We know cash flow from operating activities totaled $525,000, and cash flow from long-term investing activities totaled -$1,150,000.Furthermore, Gonzalez issued $450,000 in long-term debt during the year to fund new projects and increase liquidity.If dividends paid to stockholders equaled $300,000, how much common stock did Gonzalez issue during the year?(Assume that the only financing activities in which Gonzalez engaged involved long-term debt, payment of dividends, and common stock.)
a.$290,000
b.$375,000
c.$420,000
d.$485,000
e.$510,000
Posted Date: