Hines Cannery issued capital stock in 2015 for $700,000.During 2015 the company paid dividends of $250,000.What is the effect of these events in Hines' statement of cash flows for 2015?
A) $700,000 cash provided by investing activities,and $250,000 cash disbursed for financing activities.
B) $700,000 cash provided by financing activities,and $250,000 cash disbursed for investing activities.
C) $700,000 cash provided by financing activities,and $250,000 cash disbursed for operating activities.
D) $450,000 net cash provided by financing activities.
Correct Answer:
Verified
Q62: When equipment is sold at a loss:
A)The
Q74: Cigna Corporation's 2015 net income is smaller
Q75: Which method will yield the higher cash
Q75: In 2015,Anderson Company purchased equipment for $363,000
Q76: An example of a non-cash investing or
Q83: Craig Corporation's reported net income for 2015
Q84: Rent expense in Marrin Company's 2015 income
Q105: Which of the following would not be
Q108: When net cash flow from operating activities
Q123: Which of the following would be presented
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents