Randal Corporation recorded the following activity for the year just ended: The net cash provided by financing activities for the year was:
A)$100,000
B)$550,000
C)$180,000
D)$680,000

Question

Randal Corporation recorded the following activity for the year just ended:  The net cash provided by financing activities for the year was:
A)$100,000 
B)$550,000 
C)$180,000 
D)$680,000

Quizplus · Accepted Answer

From the provided activity, we can see that the Issuance of common stock was $250,000, the Payment of long-term debt was $100,000, and the Payment of cash dividends was $200,000. Therefore, the total net cash provided by financing activities would be $550,000 ($250,000 - $100,000 - $200,000 = $550,000).

Randal Corporation Recorded the Following Activity for the Year Just