Selected accounting information regarding the Jabbar Corporation in 2010 follows: $\begin{array}{ll}
\text {Net cash provided by operating activities }&\$900,000\
\text {Common stock issued as a result of a stock dividend.}\
\text { (fair value) } & 100,000 \
\text { Common stock issued for cash } & 400,000 \
\text { Proceeds from sale of building } & 300,000
\end{array}$ In 2010, Jabbar should report a net increase in cash of
A)$1, 100, 000
B)$1, 200, 000
C)$1, 600, 000
D)$1, 700, 000

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The Answer of Selected accounting information regarding the Jabbar Corporation in 2010 follows: $\begin{array}{ll}
\text {Net cash provided by operating activities }&\$900,000\
\text {Common stock issued as a result of a stock dividend.}\
\text { (fair value) } & 100,000 \
\text { Common stock issued for cash } & 400,000 \
\text { Proceeds from sale of building } & 300,000
\end{array}$ In 2010, Jabbar should report a net increase in cash of
A)$1, 100, 000
B)$1, 200, 000
C)$1, 600, 000
D)$1, 700, 000

Selected Accounting Information Regarding the Jabbar Corporation in 2010 Follows