In 2019, Chen Corporation purchased treasury stock with a cost of $ 54 comma 000. During the year, the company declared and pa

Question

Citrus2011 [14]

3 years ago

10

In 2019, Chen Corporation purchased treasury stock with a cost of $ 54 comma 000. During the year, the company declared and pa

id dividends of $ 10 comma 000 and issued bonds payable for $ 900 comma 000. Net cash provided by financing activities for 2019 is: A. $ 890 comma 000. B. $ 836 comma 000. C. $ 900 comma 000. D. $ 846 comma 000.

Business

1 answer:

madam [21] · Answer 1 · 2022-01-21T20:00:12+03:00

Answer:

Chen Corporation's Net Cash Flows from Financing Activities during the year are $836,000

Explanation:

Cashflows from Financing Activities

Payment made to purchase treasury stock during the year $(54,000)

Dividends declared and paid during the year $(10,000)

Proceeds received from issue of Bonds Payable during the year $900,000

Net Cash flow from Financing Activities $836,000

*Please note that figures in brackets represent Cash Outflows

In​ 2019, Chen Corporation purchased treasury stock with a cost of $ 54 comma 000. During the​ year, the company declared and pa

In 2019, Chen Corporation purchased treasury stock with a cost of $ 54 comma 000. During the year, the company declared and pa