The following transactions occurred last year at Joffre Company: Issuance of sha
ID: 2483188 • Letter: T
Question
The following transactions occurred last year at Joffre Company:
Issuance of shares of the company's own common stock
$ 50,000
Dividends paid to the company's own shareholders
3,000
Dividends received from investments in other companies' shares
6,000
Interest paid on the company's own bonds
13,000
Repayment of principal on the company's own bonds
40,000
Proceeds from sale of the company's used equipment
17,000
Purchase of land
120,000
Based solely on the above information, the net cash provided by financing activities for the year on the statement of cash flows would be: (show your work)
Issuance of shares of the company's own common stock
$ 50,000
Dividends paid to the company's own shareholders
3,000
Dividends received from investments in other companies' shares
6,000
Interest paid on the company's own bonds
13,000
Repayment of principal on the company's own bonds
40,000
Proceeds from sale of the company's used equipment
17,000
Purchase of land
120,000
Explanation / Answer
Cash flows from financing activities:
Issue of shares of the company owns common stock 50000
Dividend paid to company shareholders (3000)
Dividen received from investments in other companies shares 6000
Interest paid on the company's own bonds (13000)
Repayment of principal on the company's own bonds (40000)
Net cash flows from financing activities 0
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