The following data are available for Quarter Company. $$\begin{array} { l r }
\text { Increase in accounts payable } & \$ 120,000 \
\text { Increase in bonds payable } & 400,000 \
\text { Sale of investments } & 150,000 \
\text { Issuance of common stock } & 180,000 \
\text { Payment of cash dividends } & 90,000
\end{array}$$ Net cash provided by financing activities is:

Question

The following data are available for Quarter Company. $$\begin{array} { l r } 
\text { Increase in accounts payable } & \$ 120,000 \
\text { Increase in bonds payable } & 400,000 \
\text { Sale of investments } & 150,000 \
\text { Issuance of common stock } & 180,000 \
\text { Payment of cash dividends } & 90,000
\end{array}$$ Net cash provided by financing activities is:

Quizplus · Accepted Answer

Net cash provided by financing activities includes the increase in bonds payable ($400,000) and the issuance of common stock ($180,000), minus the payment of cash dividends ($90,000). Therefore, $400,000 + $180,000 - $90,000 = $490,000.

The Following Data Are Available for Quarter Company Net Cash Provided by Financing Activities Is: A)$280,000

The Following Data Are Available for Quarter Company Net Cash Provided by Financing Activities Is:
A)$280,000