Minot Corporation borrowed 14000 issued common stock of 1100
Minot Corporation borrowed $14,000, issued common stock of $11,000, and paid dividends of $16,000. What was Minot Corporation\'s net cash provided or used by O A. $(5,000) O B. $16,000 O c. $9,000 O D. $41,000
Solution
Net cash provided by financing acitivities=Borrowings+Issuance of common stock-Dividends paid
=(14000+11000-16000)
which is equal to
=$9000.
