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Dasher Builder's, Inc. shows the following as of December 31, 2012.

- Sold available for sales securities for $650,000
- Acquired 50% of Elven Corp's common stock for $310000 cash which was borrowed from Peppermint's Bank.
- Issued 2,000 shares of its preferred stock for land having a fair value of $50,000
- Purchased a patent for $170,000 cash
- Issued 1,000 of its 12% debenture bonds, due 2017, for $225,000 cash
- Paid $130,000 toward bank loan.
- Recognized $79,000 net increase in returnable long term customer deposits

Dasher's net cash provided by financing activities for 2012 is:

a) $614,000.

b) $535,000.

c) $484,000.

d) $405,000.

Accounting Basics, Accounting

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  • Reference No.:- M946169

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