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What is the net cash provided by financing activities? Jean's Vegetable Market had the following transactions during 2016: Issued $50,000 of par value common stock
What is the net cash provided by financing activities?
Jean's Vegetable Market had the following transactions during 2016: Issued $50,000 of par value common stock for cash. Repaid a 6 year note payable in the amount of $22,000. Acquired land by issuing common stock of par value $50,000. Declared and paid a cash dividend of $7,000. Sold a long-term investment (cost $3,000) for cash of $6,000. Acquired an investment in IBM stock for cash of $10,000. What is the net cash provided by financing activities? $67,000 $28,000 $0 $21,000 Step by Step Solution
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