Answered

Westonci.ca connects you with experts who provide insightful answers to your questions. Join us today and start learning! Ask your questions and receive accurate answers from professionals with extensive experience in various fields on our platform. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

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

We appreciate your time on our site. Don't hesitate to return whenever you have more questions or need further clarification. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Stay curious and keep coming back to Westonci.ca for answers to all your burning questions.