The balances in selected accounts of Jackson Company increased decreased) as follows: $$\begin{array} { l r }
\text { Accounts payable } & \$ 10,000 \
\text { Bonds payable } & 12,000 ) \
\text { Common stock } & 4,000
\end{array}$$ Jackson Company declared and paid dividends of $8,800.The cash flow from financing for Jackson Company was_____.
A)$16,800
B)$6,800
C)$6,800)
D)$16,800)

Question

The balances in selected accounts of Jackson Company increased decreased) as follows: $$\begin{array} { l r } 
\text { Accounts payable } & \$ 10,000 \
\text { Bonds payable } & 12,000 ) \
\text { Common stock } & 4,000
\end{array}$$ Jackson Company declared and paid dividends of $8,800.The cash flow from financing for Jackson Company was_____.
A)$16,800
B)$6,800
C)$6,800)
D)$16,800)

Quizplus · Accepted Answer

The Answer of The balances in selected accounts of Jackson Company increased decreased) as follows: $$\begin{array} { l r } 
\text { Accounts payable } & \$ 10,000 \
\text { Bonds payable } & 12,000 ) \
\text { Common stock } & 4,000
\end{array}$$ Jackson Company declared and paid dividends of $8,800.The cash flow from financing for Jackson Company was_____.
A)$16,800
B)$6,800
C)$6,800)
D)$16,800)