based solely on the above information the net cash provided by financing activities 641390
The following transactions occurred last year at Jost Company:
|
Issuance of shares of the company’s own common stock |
$170,000 |
|
Dividends paid to the company’s own shareholders |
$7,000 |
|
Dividends received from investments in other companies’ shares |
$4,000 |
|
Interest paid on the company’s own bonds |
$11,000 |
|
Repayment of principal on the company’s own bonds |
$40,000 |
|
Proceeds from sale of the company’s used equipment |
$23,000 |
|
Purchase of land |
$120,000 |
Based solely on the above information, the net cash provided by financing activities for the year on the statement of cash flows would be:
A) $112,000
B) $123,000
C) $375,000
D) $19,000