Selected information from Hatian Corp's 2020 accounting records is as follows: Hatian adheres to ASPE. Proceeds from issuance of common shares. $200,000 Proceeds from issuance of bonds. 600,000 Cash dividends paid on common shares. 80,000 Cash dividends paid on preferred shares. 30,000 Purchase of a FV-NI investment. 60,000 Sale of shares to officers and employees not included above. 50,000 Based on the above information, the cash provided by (used in) financing activities for calendar 2020 is O $90,000. O $740,000. O $(110,000). $80,000.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Selected information from Hatian Corp.'s 2020 accounting records is as follows: Hatian adheres to ASPE.
Proceeds from issuance of common shares.
Proceeds from issuance of bonds.
Cash dividends paid on common shares.
Cash dividends paid on preferred shares.
$200,000
600,000
80,000
30,000
Purchase of a FV-NI investment.
60,000
Sale of shares to officers and employees
not included above.
50,000
Based on the above information, the cash provided by (used in) financing activities for calendar 2020 is
O $90,000.
O $740,000.
O $(110,000).
O $80,000.
Transcribed Image Text:Selected information from Hatian Corp.'s 2020 accounting records is as follows: Hatian adheres to ASPE. Proceeds from issuance of common shares. Proceeds from issuance of bonds. Cash dividends paid on common shares. Cash dividends paid on preferred shares. $200,000 600,000 80,000 30,000 Purchase of a FV-NI investment. 60,000 Sale of shares to officers and employees not included above. 50,000 Based on the above information, the cash provided by (used in) financing activities for calendar 2020 is O $90,000. O $740,000. O $(110,000). O $80,000.
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