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

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 11C

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