Darwins statement of cash flows for the year ended december, Ask an Expert

Accounting

Selected information from Darwin Company's 1999 accounting records is as follows:

Proceeds from issuance of common stock $1,200,000
Proceeds from issuance of bonds 3,600,000
Cash dividends on common stock paid 480,000
Cash dividends on preferred stock paid 180,000
Purchases of treasury stock 360,000
Sale of stock to officers & employees not included above 300,000

Darwin's statement of cash flows for the year ended December 31, 1999, would show net cash provided (used) by financing activities of :

a. $180,000

b. $(660,000)

c. $480,000

d. $4,080,000

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M955665

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