Question

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



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  • CreatedAugust 26, 2013
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