The following data are available for Mazaya Company. Sale of land R.0.200,000; Sale of equipment R.O. 100,000; Issuance of ordinary shares R.O. 140,000 for cash; Purchase of equipment R.O. 60,000 for cash; Declaration of cash dividends R.O.120,000; issue of notes payable for cash R.O. 120,000. Net cash provided by financing activities is: Select one: a. R.O.260,000. b. R.O.300,000. c R.O.380,000. d. R.O.240,000.
The following data are available for Mazaya Company. Sale of land R.0.200,000; Sale of equipment R.O. 100,000; Issuance of ordinary shares R.O. 140,000 for cash; Purchase of equipment R.O. 60,000 for cash; Declaration of cash dividends R.O.120,000; issue of notes payable for cash R.O. 120,000. Net cash provided by financing activities is: Select one: a. R.O.260,000. b. R.O.300,000. c R.O.380,000. d. R.O.240,000.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
The following data are available for Mazaya Company. Sale of land R.0.200,000; Sale of equipment R.O. 100,000; Issuance of ordinary shares R.O. 140,000 for cash; Purchase of equipment R.O. 60,000 for cash; Declaration of cash dividends R.O.120,000; issue of notes payable for cash R.O. 120,000. Net cash provided by financing activities is: Select one: a. R.O.260,000. b. R.O.300,000. c R.O.380,000. d. R.O.240,000.
Expert Solution
Step 1
|
Statement of cash flows |
||
|
Cash flow from financing activities: |
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|
|
Proceeds from issue of ordinary stock |
RO 140,000 |
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Proceeds from issue of bonds |
RO 120,000 |
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Net cash proceeds (used) by financing activities |
|
RO 260,000 |
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