[Get Answer ]-Accounting 2 Question 3

Question Description

1. Issued $50,000 of parvalue common stock for cash. 

2. Repaid a 6 year note payable in theamount of $22,000.

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3. Acquired land by issuing common stock of par value $50,000.

4.Declared and paid a cash dividend of $7,000.

5. Sold a long-term investment(cost $3,000) for cash of $6,000.

6.Acquired an investment in IBM stock for cash of $10,000.

What is the net cash providedby financing activities?

 A) $21,000 

B) $28,000

C) $67,000

D) $0

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