Accounting 2 Question

Nov 25th, 2014
DotaCN
Category:
Accounting
Price: $5 USD

Question description

1. Issued $50,000 of par value common stock for cash. 

2. Repaid a 6 year note payable in the amount of $22,000.

3. Acquired land by issuing common stock of par value $50,000.

4. Declared and paid a cash dividend of $7,000.

5. Sold a long-term investment (cost $3,000) for cash of $6,000.

6. Acquired an investment in IBM stock for cash of $10,000.

What is the net cash provided by financing activities?

 A) $21,000 

B) $28,000

C) $67,000

D) $0


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