Anna Maria Island Co. provided the following information on selected transactions during 2017: Purchase of land by issuing bonds $1,550,000 Proceeds from sale of land 925,000 Proceeds from issuing bonds 1,900,000 Purchases of inventory 2,975,000 Purchases of treasury stock 190,000 Loans made to affiliated corporations 525,000 Dividends paid to preferred stockholders 120,000 Proceeds from issuing preferred stock 325,000 Proceeds from sale of equipment 650,000 The net cash provided by financing activities during 2017 is $1,725,000. $2,465,000. $2,040,000. $1,915,000.
Anna Maria Island Co. provided the following information on selected transactions during 2017: Purchase of land by issuing bonds $1,550,000 Proceeds from sale of land 925,000 Proceeds from issuing bonds 1,900,000 Purchases of inventory 2,975,000 Purchases of treasury stock 190,000 Loans made to affiliated corporations 525,000 Dividends paid to preferred stockholders 120,000 Proceeds from issuing preferred stock 325,000 Proceeds from sale of equipment 650,000 The net cash provided by financing activities during 2017 is $1,725,000. $2,465,000. $2,040,000. $1,915,000.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Anna Maria Island Co. provided the following information on selected transactions during 2017:
| Purchase of land by issuing bonds | $1,550,000 |
| Proceeds from sale of land | 925,000 |
| Proceeds from issuing bonds | 1,900,000 |
| Purchases of inventory | 2,975,000 |
| Purchases of |
190,000 |
| Loans made to affiliated corporations | 525,000 |
| Dividends paid to preferred stockholders | 120,000 |
| Proceeds from issuing |
325,000 |
| Proceeds from sale of equipment | 650,000 |
The net cash provided by financing activities during 2017 is
$1,725,000.
$2,465,000.
$2,040,000.
$1,915,000.
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