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Kanet Company issued common stock for proceeds

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Kanet Company issued common stock for proceeds 1. Jean’s Vegetable Market had the following transactions during 2014: 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 $100,000. 4. Declared and paid a cash dividend of $2,000. 5. Sold a long-term investment (cost $3,000) for cash of $8,000. 6. Acquired an investment in IBM stock for cash of $15,000. What is the net cash provided used by investing activities? a. $15,000 b. $33,000 c. ($7,000) d. $8,000 2. Vision Company purchased treasury stock with a cost of $16,000 during 2014. During the year, the company paid dividends of $20,000 and issued bonds payable for proceeds of $860,000. Cash flows from financing activities for 2014 total a. $840,000 net cash inflow. b. $856,000 net cash inflow. c. $860,000 net cash outflow. d. $824,000 net cash inflow. 3. Kanet Company issued common stock for proceeds of $386,000 during 2014. The company paid dividends of $80,000 and issued a long-term note payable for $95,000 in exchange for equipment during the year. The company also purchased treasury stock that had a cost of $15,000. The financing section of the statement of cash flows will report net cash inflows of a. $291,000. b. $481,000. c. $306,000. d. $371,000. 4. In Jude Company, land decreased $150,000 because of a cash sale for $150,000, the equipment account increased $60,000 as a result of a cash purchase, and Bonds Payable increased $120,000 from issuance for cash at face value. The net cash provided by investing activities is a. $150,000. b. $210,000. c. $90,000. d. $270,000. 5. Accounts receivable arising from sales to customers amounted to $86,000 and $77,000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $290,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is a. $290,000. b. $299,000. c. $213,000. d. $280,000. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help

Kanet Company issued common stock for proceeds

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