Question

The following information on selected cash transactions for the year has been provided by Bailey Company: Proceeds from issuing bonds 500,000 Purchases of treasury stock 150,000 Loans made to customers (notes receivable) 350,000 Dividends paid to preferred stockholders 100,000 Proceeds from issuing preferred stock 400,000 Proceeds from sale of equipment 50,000 Bailey's statement of cash flows for the year would show net cash provided (used) by investing activities of:

Answer 1

Bailey's statement of cash flows for the year would show net cash provided (used) by investing activities of 50,000

Step-by-step explanation:

The unique source of cash in the operations enlisted below is the sell of 50.000 Bailey's equipment. All others are financing activities.