The following transactions occurred last year at Jogger Company: Issuance of sha
ID: 2432689 • Letter: T
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 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:
$424,000
($138,000)
($1,000)
$7,000
a.$424,000
b.($138,000)
c.($1,000)
d.$7,000
Explanation / Answer
Net cash provided by Financing activities $ issuance of shares of the company's own common stock 110,000 Dividends paid to the company's own shareholders -3,000 Retirement of the company's own bonds payable -100,000 Net cash provided by Financing activities 7,000 answer answer) option d
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