The following data are available for Cole Company. Increase in accounts payable $120,000 Increase in bonds payable 300,000 Sale of investments 150,000 Issuance of common stock 180,000 Payment of cash dividends 90,000 Net cash provided by financing activities is:

Question

Kenley Chandler

Business

20 July, 22:34

The following data are available for Cole Company. Increase in accounts payable $120,000 Increase in bonds payable 300,000 Sale of investments 150,000 Issuance of common stock 180,000 Payment of cash dividends 90,000 Net cash provided by financing activities is:

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Answers (1)

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Aileen Mcbride · Answer 1

Net Cash=$390,000

Explanation:

Net Cash provided by financing activities = Increase in bond payable + Issuance of common stock - Payment of cash dividends

Net Cash = $300,000+$180,000-$90,000

Net Cash=$390,000

Net cash also refers to the amount of cash remaining after a transaction has been completed and all associated charges and deductions have been subtracted