1. Issued $ 50,000 of par value common stock for cash. 2. Repaid a 6 year note payable in the amount of $ 22,000. 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 provided by financing activities? Question 7
The statement of cash flows should help investors and creditors assess each of the following except the
Question 8
Significant noncash transactions would not include Question 9
In calculating net cash provided by operating activities using the indirect method, an increase in prepaid expenses during a period is
Question 10