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The following data are available for Cole Company. Increase in accounts payable $120,000 Increase in bonds payable 300,000 Sale of investments 150,000 Issuance of common stock 180,000 Payment of cash dividends 90,000 Net cash provided by financing activities is:

Respuesta :

Tundexi

Answer:

Net Cash=$390,000

Explanation:

Net Cash provided by financing activities = Increase in bond payable + Issuance of common stock - Payment of cash dividends

Net Cash= $300,000+$180,000-$90,000

Net Cash=$390,000

Net cash also refers to the amount of cash remaining after a transaction has been completed and all associated charges and deductions have been subtracted

Parrain

Based on the data available, the cash provided by financing activities is $300,000

Cash from financing includes loans and capital related to the financing of the business.

Cash from financing is therefore:

= Increase in bonds payable + Issuance of common stock - Payment of dividends

= 300,000 + 180,000 - 90,000

= $390,000

In conclusion, cash from financing is $390,000

Find out more about cash from financing at https://brainly.com/question/25948084.

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