Jean's Vegetable Market had the following transactions during 2014: 1) Issued $50,000 of par value common stock
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Question:
Jean's Vegetable Market had the following transactions during 2014:
1) Issued $50,000 of par value common stock for cash.
2) Repaid a 6 year note payable in the amount of $22,000.
3) Acquired land by issuing common stock of par value $50,000.
4) Acquired land by issuing common stock of par value $50,000.
5) Declared and paid a cash dividend of $7,000.
6) Sold a long-term investment (cost $3,000) for cash of $6,000.
7) Acquired an investment in IBM stock for cash of $10,000
What is the net cash provided by financing activities?
A) $0
B) $21,000
C) $28,000
D) $67,000
Related Book For
Intermediate Accounting
ISBN: 978-0132162302
1st edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
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