The following transactions occurred last year at Jost Company: Issuance of shares of the company's own common stock $170,000; Dividends paid to the company's own shareholders $7,000; Dividends received from investments in other companies' shares $4,000; Interest paid on the company's own bonds $11,000; Repayment of principal on the company's own bonds $40,000; Proceeds from sale of the company's used equipment $23,000; Purchase of land $120,000. Based solely on the above information, the net cash provided by financing activities for the year on the statement of cash flows would be: O $112,000 O $123,000 O $375,000 $19,000

The following transactions occurred last year at Jost Company: Issuance of shares of the company's own common stock $170,000; Dividends paid to the company's own shareholders $7,000; Dividends received from investments in other companies' shares $4,000; Interest paid on the company's own bonds $11,000; Repayment of principal on the company's own bonds $40,000; Proceeds from sale of the company's used equipment $23,000; Purchase of land $120,000. Based solely on the above information, the net cash provided by financing activities for the year on the statement of cash flows would be: O $112,000 O $123,000 O $375,000 $19,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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