If a corporation issued stock for $80,000 in cash, received $10,000 in cash from a...

70.2K

Verified Solution

Question

Accounting

If a corporation issued stock for $80,000 in cash, received $10,000 in cash from a long-term loan, and paid cash dividends totaling $30,000, the net cash provided (used) by its financing activities would be $___.00

(30,000)

60,000

80,000

70,000

Answer & Explanation Solved by verified expert
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!
Become a Member

Other questions asked by students