question archive 1) Net income $12,000 Cash dividends paid to stockholders $2,900 Cash proceeds from sale of land $ 3,450 Cash proceeds from bank loan $ 7,700 Cash payment (principal) on bank loan $2,000 Cash paid to purchase equipment 5,800 The company would report net cash provided by (used in) financing activities of: Multiple Choice $(3,875)
1) Net income $12,000 Cash dividends paid to stockholders $2,900 Cash proceeds from sale of land $ 3,450 Cash proceeds from bank loan $ 7,700 Cash payment (principal) on bank loan $2,000 Cash paid to purchase equipment 5,800 The company would report net cash provided by (used in) financing activities of: Multiple Choice $(3,875)
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1) Net income $12,000
Cash dividends paid to stockholders $2,900
Cash proceeds from sale of land $ 3,450
Cash proceeds from bank loan $ 7,700
Cash payment (principal) on bank loan $2,000
Cash paid to purchase equipment 5,800
The company would report net cash provided by (used in) financing activities of:
Multiple Choice
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$(3,875).
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$9,700.
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$7,700.
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$2,800.
2) Blair Madison Co. issues $1.9 million of new stock and pays $281,000 in cash dividends during the year. In addition, the company took advantage of falling interest rates to borrow $1.59 million in a new bond issue and paid off existing bonds with a face value of $2.45 million. The company bought 509 of another company's $1,090 bonds at a $109,000 premium. The net cash flow provided by financing activities is:
Option 1
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