Question: Ct payinent, indicate the effect on the portion allucated to interest expense and the portion allocated to principal. Portion Allocated Portion Allocated to Payment of
Ct payinent, indicate the effect on the portion allucated to interest expense and the portion allocated to principal. Portion Allocated Portion Allocated to Payment of Principal Increases Decreases Decreases Increases to Interest Expense a. Increases b. Increases . d. Decreases Decreases 21. Jean's Vegetable Market had the following transactions during 2016: 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. Declared and paid a cash dividend of $7,000. 5. Sold a long-term investment (cost $3,000) for cash of $6,000. 6. Acquired an investment in IBM stock for cash of $10,000. What is the net cash provided by financing activities? A) $21,000 B) $67,000 C) $28,000 D) S0 22. Jean's Vegetable Market had the following transactions during 2016: d 60 000 of nar value common stock for cash
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