Calvin Company provided the following information during 2017:
$\begin{array}{lr}
\text { Purchase of land by issuing bonds } & \$ 550,000 \
\text { Proceeds from issuing long-term debt } & 300,000 \
\text { Dividends paid to shareholders } & 120,000 \
\text { Proceeds from issuing stock } & 300,000 \
\text { Proceeds from sale of building } & 360,000 \
\text { Purchases of inventories } & 800,000 \
\text { Purchase of treasury stock } & 430,000
\end{array}$

How much is 'net cash provided by financing activities' during 2017?

Question

Calvin Company provided the following information during 2017:
$\begin{array}{lr}
\text { Purchase of land by issuing bonds } & \$ 550,000 \
\text { Proceeds from issuing long-term debt } & 300,000 \
\text { Dividends paid to shareholders } & 120,000 \
\text { Proceeds from issuing stock } & 300,000 \
\text { Proceeds from sale of building } & 360,000 \
\text { Purchases of inventories } & 800,000 \
\text { Purchase of treasury stock } & 430,000
\end{array}$

How much is 'net cash provided by financing activities' during 2017?

Quizplus · Accepted Answer

Net cash provided by financing activities is calculated by adding the proceeds from issuing long-term debt and stock, and subtracting dividends paid and the purchase of treasury stock. Thus, $300,000 + 300,000 - 120,000 - 430,000 = 50,000$.

Calvin Company Provided the Following Information During 2017 How Much Is 'Net Cash Provided by Financing Activities' During