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  3. 1. the following information is available for sand

1. The following information is available for Sanders Company: Increase in accounts payable...

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Accounting

1. The following information is available for Sanders Company:

Increase in accounts payable $40,000

Increase in bonds payable 100,000

Sale of investment 50,000

Receipt of cash dividends 10,000

Issuance of common stock 60,000

Payment of cash dividends 30,000

Payment of notes payable 80,000 (includes $8,000 of interest)

Based on this information, what amount should Sanders company report for net cash flow from financing activities?

A) $50,000

B) $90,000

C) $30,000

D) $130,000

E) $58,00

.

2. Hillerbert Company declared a 2-for-1 stock split on its 200,000 shares of $10 par value common stock. As a result of this transaction:

A) Common Stock increases to $4,000,000.

B) Paid-in Capital increases by $2,000.

C) Stockholders' equity increases by $2,000,000.

D) both A and B are correct.

E) none of these answers is correct.

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