In 2017, Chen Corporation purchased treasury stock with a cost of $46,000. During the year, the company declared and paid dividends of $14,000 and issued bonds payable for $900,000. Net cash provided by financing activities for 2017 is:

Question

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Net cash provided by financing activities is calculated as: Bonds issued ($900,000) minus treasury stock purchased ($46,000) minus dividends paid ($14,000) = $840,000.

In 2017, Chen Corporation Purchased Treasury Stock with a Cost