Biology Forums - Study Force

The following transactions occurred last year at Jolly Corporation:

Issuance of shares of the company's own common stock	$ 120,000
Dividends paid to the company's own shareholders	$ 1,000
Sale of long-term investment	$ 7,000
Interest paid to lenders	$ 13,000
Retirement of the company's own bonds payable	$ 60,000
Proceeds from sale of the company's used equipment	$ 8,000
Purchase of property	$ 170,000

Based solely on the above information, the net cash provided by (used in) financing activities for the year on the statement of cash flows would be:

▸ $179,000

▸ $59,000

▸

$(109,000)

▸ $46,000

Content hidden