Answered

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The following information relates to the Stockton Company:Paid note payable$ 150Bought equipment260Depreciation expense500Net income6,000Paid dividends500Issued bonds payable1,100Issued common stock900Sold land2,400What is the net cash provided by financing activities

Sagot :

Zviko

Answer:

$1,350

Explanation:

Financing Activities are those activities that involve raising capital or debt as well as repayment to holders of such instruments.

Cash flow from financing activities :

Paid note payable                                                ($150)

Paid dividends                                                     ($500)

Issued bonds payable                                         $1,100

Issued common stock                                          $900

Net cash provided by financing activities         $1,350

therefore,

the net cash provided by financing activities is $1,350

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