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4. Calculate the net cash provided or used by financing activities for the Garvey Inc...

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Accounting

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4. Calculate the net cash provided or used by financing activities for the Garvey Inc using some or all of the following information. (3 points) (a) Net income for the year was S10,000 (b) Sold common stock for $60,000 cash (c) Paid cash dividend of $10,000 (d) Depreciation expense for the year was $8,000 (e) Paid off long term liability bond payable, $30,000 (t) Purchased equipment for $10,000 cash Cash flows from financing activities: Net cash provided or used by financing activities

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