JNH Corporation had the following transactions during 2021: 1. Issued $50,000 of par value common stock...
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JNH Corporation had the following transactions during 2021: 1. Issued $50,000 of par value common stock for cash. 2. Repaid a 6 year bonds payable in the amount of $30,000. 3. Acquired land for cash of $50,000. 4. Declared and paid a cash dividend of $8,000. 5. Sold an equipment for cash of $30,000. 6. Collected $10,000 from sale of goods What is the net cash provided by financing activities? Answer: a. $12,000 b. $72,000 c. $42,000 d. $20,000 JNH Corporation had the following transactions during 2021: 1. Issued $50,000 of par value common stock for cash. 2. Repaid a 6 year bonds payable in the amount of $30,000. 3. Acquired land for cash of $50,000. 4. Declared and paid a cash dividend of $8,000. 5. Sold an equipment for cash of $30,000. 6. Collected $10,000 from sale of goods What is the net cash provided by financing activities? Answer: a. $12,000 b. $72,000 c. $42,000 d. $20,000
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Related Book For
Horngrens Financial and Managerial Accounting The Financial Chapters
ISBN: 978-0134486857
6th edition
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
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