The following data are available for Cole Company. Increase in accounts payable $120,000 Increase in bonds payable 300,000 Sale

Question

4 years ago

9

The following data are available for Cole Company. Increase in accounts payable $120,000 Increase in bonds payable 300,000 Sale

of investments 150,000 Issuance of common stock 180,000 Payment of cash dividends 90,000 Net cash provided by financing activities is:

Business

1 answer:

antoniya [11.8K] · Answer 1 · 2021-12-22T23:05:27+03:00

Answer:

Net Cash=$390,000

Explanation:

Net Cash provided by financing activities = Increase in bond payable + Issuance of common stock - Payment of cash dividends

Net Cash= $300,000+$180,000-$90,000

Net Cash=$390,000

Net cash also refers to the amount of cash remaining after a transaction has been completed and all associated charges and deductions have been subtracted