Explain the net cash provided by financing activities, Accounting Basics

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Explain the net cash provided by financing activities

1.Issued $50,000 of par value common stock for cash.

2. Repaid a 6 year note payable in the amount of $22,000.

3. Acquired land by issuing common stock of par value $50,000.

4. Declared and paid a cash dividend of $7,000.

5. Sold a long-term investment (cost $3,000) for cash of $6,000.

6. Acquired an investment in IBM stock for cash of $10,000.

What is the net cash provided by financing activities?

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Accounting Basics: Explain the net cash provided by financing activities

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Accounting Basics: Explain the net cash provided by financing activities

Reference No:- TGS0683254

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Recent Questions Asked Accounting Basics

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Accounting Basics: Explain the net cash provided by financing activities

Reference No:- TGS0683254

Recent Questions Asked Accounting Basics

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Q : Prepare a partial balance sheet to show the presentation

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