3 ule dash received for interest 31. Serfleck Company reports the following data

Question

3 ule dash received for interest 31. Serfleck Company reports the following data for the year ending December 31, 2017 : December 31, 2017 December 31, 2016 $103,000 Common Stock Additional paid-in Capital 55,000 Retained Earnings Treasury Stock Dividends Declared and Paid 7,000 There were no retirements of common stock in 2017. On the statement of cash flows (indirect method), what is the net $48,000 35,000 220,000 199,000 8,000 7,000 cash provided by financing activities for the year ending December 31, 2017? A.$55,000 B.$48,000 C.$47,000 D $60,000 Anew Health Gare Company reports net income of $200,000 and Depreciation Expense of $16,000 for the yea

Explanation / Answer

Answer = D) $60,000

Explanation: Net cash provided by financing activities for the year ending December 31, 2017 :

Sale of Common Stock = $55,000 [103000-48000]

Add- additional paid in capital = $20,000

Less- Purchase Treasury Stock= $8,000

Less- Dividends Paid= $7000

Net cash provided by financing activities = $60,000

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