Dividends paid to preferred stockholders $150,000 Loans made to affiliated corpo
ID: 2351776 • Letter: D
Question
Dividends paid to preferred stockholders $150,000Loans made to affiliated corporations $750,000
Proceeds from issuing bonds $900,000
Proceeds from issuing preferred stock $1,050,000
Proceeds from sale of equipment $450,000
Purchases of inventories $1,200,000
Purchase of land by issuing bonds $300,000
Purchases of treasury stock $600,000
The net cash provided (used) by investing activities during 2008 is
A) $(600,000).
B) $(300,000).
C) $150,000.
D) $450,000.
The net cash provided (used) by financing activities during 2008 is
A) $(1,650,000).
B) $450,000.
C) $750,000.
D) $1,200,000.
Explanation / Answer
a d