Ask Question
21 May, 17:31

The following data are available for Something Strange! Increase in accounts payable $40,000 Increase in bonds payable 100,000 Sale of investment 50,000 Issuance of common stock 60,000 Payment of cash dividends 30,000 Net cash provided by financing activities is $160,000. $130,000. $170,000. $90,000.

+2
Answers (1)
  1. 21 May, 17:43
    0
    Net cash provided by financing activities is $130,000

    Explanation:

    Increase in bonds Payable = $100000

    Issuance of Common stock = $60000

    Payment of cash dividends = $30000

    Therefore,

    Net cash provided by financing activities = Increase in bonds Payable + Issuance of Common stock - Payment of cash dividends

    = $100000 + $60000 - $30000

    = $130,000
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The following data are available for Something Strange! Increase in accounts payable $40,000 Increase in bonds payable 100,000 Sale of ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers