Bonitas Vegetable Market had the following transactions during 2016: 1. Issued $53000 of par value...
70.2K
Verified Solution
Link Copied!
Question
Accounting
Bonitas Vegetable Market had the following transactions during 2016:
1. Issued $53000 of par value common stock for cash. 2. Repaid a 6 year note payable in the amount of $23000. 3. Acquired land by issuing common stock of par value $53000. 4. Declared and paid a cash dividend of $6900. 5. Sold a long-term investment (cost $3500) for cash of $5500. 6. Acquired an investment in IBM stock for cash of $10500.
What is the net cash provided by financing activities?
A.$23100 B. $30000 C. $70400 D. $0
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.