$614,000. $535,000. $484,000. $405,000. 5. (TCO F) Dasher Builder\'s, Inc. shows

Question

$614,000.
$535,000.
$484,000.
$405,000.

5. (TCO F) Dasher Builder's, Inc. shows the following as of December 31, 2012.
- Sold available for sales securities for $650,000
- Acquired 50% of Elven Corp's common stock for $310000 cash which was borrowed from Peppermint's Bank.
- Issued 2,000 shares of its preferred stock for land having a fair value of $50,000
- Purchased a patent for $170,000 cash
- Issued 1,000 of its 12% debenture bonds, due 2017, for $225,000 cash
- Paid $130,000 toward bank loan.
- Recognized $79,000 net increase in returnable long term customer deposits
Dasher's net cash provided by financing activities for 2012 is (Points : 5)

Explanation / Answer

Hi,

Please find the answer as follows:

Cash flow from financing activites = 310000 + 225000 - 130000 + 79000 = 484000

Thanks.

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