Serfleck Company reports the following data for the year ending December 31,2019: There were no retirements of common stock in 2019.On the statement of cash flows (indirect method),what is the net cash provided by financing activities for the year ending December 31,2019?
A)$31,000
B)$39,000
C)$43,000
D)$35,000

Question

Serfleck Company reports the following data for the year ending December 31,2019:  There were no retirements of common stock in 2019.On the statement of cash flows (indirect method),what is the net cash provided by financing activities for the year ending December 31,2019?
A)$31,000 
B)$39,000 
C)$43,000 
D)$35,000

Quizplus · Accepted Answer

Sale of Common Stock $43,000 - Purchase Treasury Stock $8,000 - Dividends Paid $4,000 = $31,000

Serfleck Company Reports the Following Data for the Year Ending