The following transactions occurred last year at Joyce Company: Issuance of shares of the company's own common stock $80O,000; Dividends paid to the company's own shareholders $3,000; Dividends received from investments in other companies' shares $5,000; Interest paid on the company's own bonds $6,000; Repayment of principal on the company's own bonds $50,000; Proceeds from sale of the company's used equipment $22,000; Purchase of land $140,000. 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 $306,000 O $27,000 O $(92,000) $21,000
The following transactions occurred last year at Joyce Company: Issuance of shares of the company's own common stock $80O,000; Dividends paid to the company's own shareholders $3,000; Dividends received from investments in other companies' shares $5,000; Interest paid on the company's own bonds $6,000; Repayment of principal on the company's own bonds $50,000; Proceeds from sale of the company's used equipment $22,000; Purchase of land $140,000. 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 $306,000 O $27,000 O $(92,000) $21,000
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter13: Corporations: Organization, Stock Transactions, And Dividends
Section: Chapter Questions
Problem 3PA: The following selected accounts appear in the ledger of EJ Construction Inc. at the beginning of the...
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