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What would show net cash provided by financing activities

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Reference no: EM132738890

Selected information from Bonita Industries's 2021 accounting records is as follows:

Proceeds from issuance of common stock. $ 794000

Proceeds from issuance of bonds. 2300000

Cash dividends on common stock paid. 299000

Cash dividends on preferred stock paid. 118000

Purchases of treasury stock. 244000

Sale of stock to officers and employees not included above 201000

Problem 1: Bonita's statement of cash flows for the year ended December 31, 2021, would show net cash provided (used) by financing activities of

A. $118000.

B. $(452000).

C. $299000.

D. $2634000.

Reference no: EM132738890

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