Russell Corp.'s transactions for the year ended December 31, 20X1 included the following: · Acquired 50% of Maxwell Corp.'s common stock for $200,000 cash which was borrowed from a bank. · Issued 5,000 shares of its preferred stock for land having a fair value of $320,000. · Issued 500 of its 11% debenture bonds, due 20X6, for $392,000 cash. · Purchased a patent for $220,000 cash. · Paid $120,000 toward a bank loan. · Sold available-for-sale securities for $796,000. Russell’s net cash provided by financing activities for 20X1 was Question 12 options: $472,000. $560,000. $592,000. $680,000.
Russell Corp.'s transactions for the year ended December 31, 20X1 included the following: · Acquired 50% of Maxwell Corp.'s common stock for $200,000 cash which was borrowed from a bank. · Issued 5,000 shares of its preferred stock for land having a fair value of $320,000. · Issued 500 of its 11% debenture bonds, due 20X6, for $392,000 cash. · Purchased a patent for $220,000 cash. · Paid $120,000 toward a bank loan. · Sold available-for-sale securities for $796,000. Russell’s net cash provided by financing activities for 20X1 was Question 12 options: $472,000. $560,000. $592,000. $680,000.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
Russell Corp.'s transactions for the year ended December 31, 20X1 included the following:
· Acquired 50% of Maxwell Corp.'s common stock for $200,000 cash which was borrowed from a bank.
· Issued 5,000 shares of its
· Issued 500 of its 11% debenture bonds, due 20X6, for $392,000 cash.
· Purchased a patent for $220,000 cash.
· Paid $120,000 toward a bank loan.
· Sold available-for-sale securities for $796,000.
Russell’s net cash provided by financing activities for 20X1 was
Question 12 options:
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$472,000.
|
|
|
$560,000.
|
|
|
$592,000.
|
|
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$680,000.
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