Question 7

Range Co. provided the following information on selected transactions during 2018:

Purchase of land by issuing bonds to the seller $200

Proceeds from issuing bonds $675

Purchases of treasury stock $225

Purchase of Investment in Bonds $500

Dividends paid to preferred stockholders $300

Proceeds from issuing preferred stock $250

Proceeds from sale of equipment $150

The net cash provided (used) by financing activities during 2018 is:

Select one:

a. $(100)

b. $625

c. $150

d. $400

e. $350