Crane Company's transactions for the year ended December 31, 2018 included the following: Purchased real estate...

 

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Crane Company's transactions for the year ended December 31, 2018 included the following: Purchased real estate for $1255000 cash which was borrowed from a bank. Sold available-for-sale securities for $1020000. Paid dividends of $1250000. Issued 540 shares of common stock for $540000. • Purchased machinery and equipment for $242000 cash. • Paid $908000 toward a bank loan. Reduced accounts receivable by $197000. • Increased accounts payable $398000. Crane's net cash used in financing activities for 2018 was $903000. $908000. $439000. $363000. Crane Company's transactions for the year ended December 31, 2018 included the following: Purchased real estate for $1255000 cash which was borrowed from a bank. Sold available-for-sale securities for $1020000. Paid dividends of $1250000. Issued 540 shares of common stock for $540000. • Purchased machinery and equipment for $242000 cash. • Paid $908000 toward a bank loan. Reduced accounts receivable by $197000. • Increased accounts payable $398000. Crane's net cash used in financing activities for 2018 was $903000. $908000. $439000. $363000.

Answer rating: 100% (QA)

Issue of common stock 540000 Repaymen... View the full answer