please hurry - keys corp's transaction for the year ended december 31, 2020 included the following: ⚫ borrowed 2,500,000 from a bank, and then used the cash to purchase a real estate ⚫ sold available - for sale securities for $2,000,000 ⚫paid dividends of $2,400,000 ⚫ issued 500 shares of common stock for $1,000,000 ⚫purchased machinery and equipment for $500,000 cash paid $1,800,000 toward a bank loan • reduced A/R by $400,000 ⚫ increased A/P $800,000 Key's net cash used in financing activities for 2020 was: a) 900,000 b) 1,800,000 c) 700,000 d) 1,700,000

please hurry - keys corp's transaction for the year ended december 31, 2020 included the following: ⚫ borrowed 2,500,000 from a bank, and then used the cash to purchase a real estate ⚫ sold available - for sale securities for $2,000,000 ⚫paid dividends of $2,400,000 ⚫ issued 500 shares of common stock for $1,000,000 ⚫purchased machinery and equipment for $500,000 cash paid $1,800,000 toward a bank loan • reduced A/R by $400,000 ⚫ increased A/P $800,000 Key's net cash used in financing activities for 2020 was: a) 900,000 b) 1,800,000 c) 700,000 d) 1,700,000

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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