Sheridan Company's transactions for the year ended December 31, 2021 included the following: Acquired 50%...

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Sheridan Company's transactions for the year ended December 31, 2021 included the following: • Acquired 50% of Carla Vista Co's common stock for $306000 cash which was borrowed from a bank. Issued 5100 shares of its preferred stock for land having a fair value of $470000. • Issued 650 of its 10% debenture bonds, due 2026, for $590000 cash. • Purchased a patent for $331000 cash. • Paid $176000 toward a bank loan. • Sold available-for-sale securities for $1197000. • Had a net increase in returnable customer deposits (long-term) of $135000. Sheridan's net cash provided by financing activities for 2021 was? Sheridan Company's transactions for the year ended December 31, 2021 included the following: • Acquired 50% of Carla Vista Co's common stock for $306000 cash which was borrowed from a bank. Issued 5100 shares of its preferred stock for land having a fair value of $470000. • Issued 650 of its 10% debenture bonds, due 2026, for $590000 cash. • Purchased a patent for $331000 cash. • Paid $176000 toward a bank loan. • Sold available-for-sale securities for $1197000. • Had a net increase in returnable customer deposits (long-term) of $135000. Sheridan's net cash provided by financing activities for 2021 was?

Answer rating: 100% (QA)

The net cash provided by financing activities for Sheridan Company for the year end... View the full answer