Answer (D) is correct . Financing activities include the issuance of stock, the payment of dividends, treasury stock transactions, and the issuance and repayment of debt. They also include receiving restricted resources that are donor-stipulated for long-term purposes. The calculation is Issuance of common stock $ 247,000 Purchase of treasury stock (140,000) Payment of cash dividend (185,000) Retirement of bonds (200,000) Net cash used $(278,000)
Answer (A) is incorrect because Failing to deduct the uses of cash results in $247,000.
Answer (B) is incorrect because Failing to deduct the retirement of bonds results in $(78,000).
Answer (C) is incorrect because Failing to deduct for the purchase of treasury stock results in $(138,000).
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Heniser’s net cash provided (used) by financing activities is
