12 NEED HELP ASAP The following data are available for Quarter Company. Increase
ID: 2476319 • Letter: 1
Question
12 NEED HELP ASAP
The following data are available for Quarter Company.
Increase in accounts payable
$ 120,000
Increase in bonds payable
$ 400,000
Sale of investments
$ 150,000
Issuance of common stock
$ 180,000
Payment of cash dividends
$ 90,000
Net cash provided by financing activities is:
$490,000.
$280,000.
$520,000.
$460,000.
Increase in accounts payable
$ 120,000
Increase in bonds payable
$ 400,000
Sale of investments
$ 150,000
Issuance of common stock
$ 180,000
Payment of cash dividends
$ 90,000
Explanation / Answer
Net cash provided by financing activities is $490,000 Statement showing computations Particulars Amount Increase in bonds payable 400,000.00 Issuance of common stock 180,000.00 Payment of cash dividends (90,000.00) Net cash provided by financing activities is 490,000.00 Note Increase in accounts payable is operating Activity Sale of investments is investing Activity
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