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What terps company net cash provided by financing activities

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Reference no: EM133138833

Question - Terps Corp's transactions for the year ended December 31, 2021 included the following:

Acquired 50% of Gant Corp.'s common stock for $300,000 cash which was borrowed from a bank.

Issued 5,000 shares of its preferred stock for land having a fair value of $480,000.

Issued 600 of its 11% debenture bonds, due 2026, for $588,000 cash.

Purchased a patent for $330,000 cash.

Paid $180,000 toward a bank loan.

Sold investment securities for $1,194,000.

Had a net increase in notes payable (long-term) of $132,000.

What the Terps Company's net cash provided by financing activities for 2021?

Reference no: EM133138833

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