$\begin{array}{l}
\text { The following data is for the Kris Company for } 2015 \text {; }\
\begin{array}{lr}
\text { Gain on sale of equipment } & \$8, 000 \
\text { Purchase of First Corp. bonds (face value } \$ 250,000 \text { ) } & 275,000 \
\text { Proceeds from sale of machinery } & 300,000 \
\text { Dividends paid } & 50,000 \
\text { Proceeds from sale of treasury stock } & 200,000
\end{array}
\end{array}$
-The amount reported as net cash provided by financing activities is
A)$25,000.
B)$30,000.
C)$150,000.
D)$200,000.

Question

Quizplus · Accepted Answer

Financing activities include transactions involving equity and debt. The proceeds from the sale of treasury stock ($200,000) minus dividends paid ($50,000) result in net cash provided by financing activities of $150,000.

-The Amount Reported as Net Cash Provided by Financing Activities