Corporation had the following transactions: • Issued 100000 of par value ordinary shares for cash • Repaid a 6 year note payable in the amount of 44000 • Acquired land by issuing ordinary shares of par value 200000 Declared and paid a cash dividend of 4000 Sold a non - current investment (cost 84000) for cash of 12000 Acquired an investment in IBM shares for cash of 24000 Using the data below answer Question 23 Question 23 What is the net cash provided by financing activities? A. 52000 B. 100000 C. 56000 D. 36000 E. None of the above

Corporation had the following transactions: • Issued 100000 of par value ordinary shares for cash • Repaid a 6 year note payable in the amount of 44000 • Acquired land by issuing ordinary shares of par value 200000 Declared and paid a cash dividend of 4000 Sold a non - current investment (cost 84000) for cash of 12000 Acquired an investment in IBM shares for cash of 24000 Using the data below answer Question 23 Question 23 What is the net cash provided by financing activities? A. 52000 B. 100000 C. 56000 D. 36000 E. None of the above

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Similar questions

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