Question

. Issued $265000 of par value common stock for cash. 2. Recorded and paid wages expense of $127200. 3. Acquired land by issuing common stock of par value $106000. 4. Declared and paid a cash dividend of $21200. 5. Sold a long-term investment (cost $6360) for cash of $6360. 6. Recorded cash sales of $848000. 7. Bought inventory for cash of $339200. 8. Acquired an investment in Zynga stock for cash of $44520. 9. Converted bonds payable to common stock in the amount of $1060000. 10. Repaid a 6-year note payable in the amount of $466400. What is the net cash provided by financing activities

Answer 1

Net Cash used by Financing Activities is $222,600.

Step-by-step explanation:

Financing Activities are Activities related to sourcing and repayment of debt and capital. Consider only those related events and transactions when determining cash flow from financing activities.

Cash flow from Financing Activities

Issue of common shares $265000

Cash dividend paid ($21200)

Repayment of Note Payable ($466400)

Net Cash used by Financing Activities ($222,600)