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.

 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

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