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What is the net cash provided by financing activities

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Question - Mazaya Company had the following transactions during 2011: Issued R.O.50,000 of par value ordinary shares for cash.; Repaid a 6 year note payable in the amount of R.O.22,000; Acquired land by issuing ordinary shares of par value R.O.100,000.; Declared a cash dividend of R.O.2,000; Sold a non-current investment (cost R.O.63,000) for cash of R.O.6,000; Acquired an investment in IBM shares for cash of R.O.12,000. What is the net cash provided by financing activities?

a. R.O.26,000

b. R.O.50,000

c. R.O.18,000

d. R.O.28,000

Reference no: EM132558039

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