The following information relates to the Stockton Company: $\begin{array}{lc}
\text { Paid note payable } & \$ 150 \
\text { Bought equipment } & 260 \
\text { Depreciation expense } & 500\
\text { Net income } & 6,000 \
\text { Paid dividends } & 500 \
\text { Issued bonds payable } & 1,100 \
\text { Issued common stock } & 900 \
\text { Sold.1and } & 2,400
\end{array}$ What is the net cash provided by financing activities?
A)$1, 350
B)$1, 850
C)$2, 350
D)$5, 850

Question

Quizplus · Accepted Answer

Net cash provided by financing activities = Issuance of bonds payable + Issuance of common stock - Payment of note payable - Payment of dividends = 1,100 + 900 - 150 - 500 = $1,350

The Following Information Relates to the Stockton Company What Is the Net Cash Provided by Financing Activities? A)$1

The Following Information Relates to the Stockton Company What Is the Net Cash Provided by Financing Activities?
A)$1