The following transactions occurred last year at Joyce Company: Issuance of shares of the company's own common stock $80,000; Dividends paid to the company's own shareholders $3,000; Dividends received from investments in other companies' shares $5,000; Interest paid on the company's own bonds $6,000; Repayment of principal on the company's own bonds $50,000; Proceeds from sale of the company's used equipment $22,000; Purchase of land $140,00O. Based solely on the above information, the net cash provided by financing activities for the year on the statement of cash flows would be: * $(92,000) $21,000 $306,000 $27,000

The following transactions occurred last year at Joyce Company: Issuance of shares of the company's own common stock $80,000; Dividends paid to the company's own shareholders $3,000; Dividends received from investments in other companies' shares $5,000; Interest paid on the company's own bonds $6,000; Repayment of principal on the company's own bonds $50,000; Proceeds from sale of the company's used equipment $22,000; Purchase of land $140,00O. Based solely on the above information, the net cash provided by financing activities for the year on the statement of cash flows would be: * $(92,000) $21,000 $306,000 $27,000

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter19: Corporations: Distributions Not In Complete Liquidation

Section: Chapter Questions

Problem 1BCRQ

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