Question
The following transactions occurred last year at Jogger Company: Issuance of shares of the company's own common stock -------- $110,000 Dividends paid to the company's
The following transactions occurred last year at Jogger Company:
Issuance of shares of the company's own common stock -------- $110,000
Dividends paid to the company's own shareholders -------------- $3,000
Sale of long-term investment ---------------------------------------- $4,000
Interest paid to lenders ----------------------------------------------- $8,000
Retirement of the company's own bonds payable ---------------- $100,000
Proceeds from sale of the company's used equipment ----------- $29,000
Purchase of new equipment ------------------------------------------ $170,000
Based solely on the above information, the net cash provided by financing activities for the year on the statement of cash flows would be:
a. | $424,000 | |
b. | ($138,000) | |
c. | ($1,000) | |
d. | $7,000 |
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