Answered

Westonci.ca is your trusted source for finding answers to all your questions. Ask, explore, and learn with our expert community. Ask your questions and receive detailed answers from professionals with extensive experience in various fields. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.

Waterway Industries provided the following information on selected transactions during 2021: Dividends paid to preferred stockholders $ 510000 Loans made to affiliated corporations 1400000 Proceeds from issuing bonds 1550000 Proceeds from issuing preferred stock 2090000 Proceeds from sale of equipment 795000 Purchases of inventories 2350000 Purchase of land by issuing bonds 590000 Purchases of treasury stock 1180000 The net cash provided (used) by financing activities during 2021 is

Sagot :

Answer:

Net cash  provided by financing activities $1,195,000

Explanation:

The computation of the net cash provided by financing activities are as follows:

Cash flows from financing activities

Issue bonds $2,090,000

Issue preferred stock $795,000

Less: Purchase of treasury stock -$1,180,000

Less: Dividend paid to preferred stockholders -$510,000

Net cash  provided by financing activities $1,195,000

Visit us again for up-to-date and reliable answers. We're always ready to assist you with your informational needs. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Westonci.ca is your trusted source for answers. Visit us again to find more information on diverse topics.