Provide answer this general accounting question The following data are available for SomethingStrange: Issuance of bonds payable $100,000Sale of investment 50,000 Issuance of commonstock 60,000 Payment of cash dividends 30,000How much is net cash provided by financingactivities?a) $90,000b) $160,000c) $190,000d) $130,000

Step 1: Define Cash Flows From Financing ActivitiesCash flows from financing activities is presented…

Answered: The following data are available for…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter15: Statement Of Cash Flows

Section: Chapter Questions

Problem 7DQ

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The following data are available for Something Strange: Issuance of bonds payable $100,000 Sale of investment 50,000 Issuance of common stock 60,000 Payment of cash dividends 30,000 How much is net cash provided by financing activities? a) $90,000 b) $160,000 c) $190,000 d) $130,000