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The following transactions occurred last year at Jolly Corporation: Issuance of shares of the company's own common stock $ 120,000 Dividends paid to the company's
The following transactions occurred last year at Jolly Corporation:
Issuance of shares of the company's own common stock | $ 120,000 |
---|---|
Dividends paid to the company's own shareholders | $ 1,000 |
Sale of long-term investment | $ 7,000 |
Interest paid to lenders | $ 13,000 |
Retirement of the company's own bonds payable | $ 60,000 |
Proceeds from sale of the company's used equipment | $ 8,000 |
Purchase of property | $ 170,000 |
Based solely on the above information, the net cash provided by (used in) financing activities for the year on the statement of cash flows would be:
Multiple Choice
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$179,000
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$(109,000)
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$46,000
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$59,000
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