Question

The following information relates to the Stockton Company:Paid note payable$ 150Bought equipment260Depreciation expense500Net income6,000Paid dividends500Issued bonds payable1,100Issued common stock900Sold land2,400What is the net cash provided by financing activities

Answer 1

$1,350

Step-by-step explanation:

Financing Activities are those activities that involve raising capital or debt as well as repayment to holders of such instruments.

Cash flow from financing activities :

Paid note payable ($150)

Paid dividends ($500)

Issued bonds payable $1,100

Issued common stock $900

Net cash provided by financing activities $1,350

therefore,

the net cash provided by financing activities is $1,350