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In 2020, Stark Company Inc. had the following cash transactions: Issuance of common stock $175,000 $62,500 $20,000 Sale of land Payment of dividends to stockholders Sale of investments $78,750 Sale of treasury stock $70,000 Payment of long-term note payable $250,875 Net cash provided by (used in) Financing activities is:

In 2020, Stark Company Inc. had the following cash transactions: Issuance of common stock $175,000 $62,500 $20,000 Sale of land Payment of dividends to stockholders Sale of investments $78,750 Sale of treasury stock $70,000 Payment of long-term note payable $250,875 Net cash provided by (used in) Financing activities is:

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter14: Statement Of Cash Flows
Section: Chapter Questions
Problem 38E: Tidwell Company experienced the following during 20X1: a. Sold preferred stock for 480,000. b....
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In 2020, Stark Company Inc. had the following cash transactions: Issuance of common stock $175,000 $62,500 Sale of land Payment of dividends to stockholders $20,000 Sale of investments $78,750 Sale of treasury stock $70,000 Payment of long-term note payable $250,875 Net cash provided by (used in) Financing activities is: O ($25,875) O ($145,875) O ($5,875) O $141,250
Transcribed Image Text:In 2020, Stark Company Inc. had the following cash transactions: Issuance of common stock $175,000 $62,500 Sale of land Payment of dividends to stockholders $20,000 Sale of investments $78,750 Sale of treasury stock $70,000 Payment of long-term note payable $250,875 Net cash provided by (used in) Financing activities is: O ($25,875) O ($145,875) O ($5,875) O $141,250
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