Adora, Inc. reports the following information for the current period:

Paid annual cash dividend $ 550,000

On July 1, borrowed at 8% interest 1,700,000

Purchase of beachfront land, buildings 1,400,000

Paid off loan on sold equipment 130,000

Adora should report net cash provided or used by financing activities of

	A.	$1,020,000.
	B.	$1,088,000.
	C.	($ 952,000).
	D.	($2,420,000).

Answer rating: 100% (QA)

To calculate the net cash provided or used by financing activities you need to consider the cash flo... View the full answer