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What is the net cash provided by financing activities

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Question -

CSI Fashion Market had the following transactions during 2020:

1. Issued $250,000 of par value common stock for cash.

2. Repaid a 5 year note payable in the amount of $235,000.

3. Acquired Equipment by issuing common stock of par value $50,000.

4. Declared and paid a cash dividend of $27,000.

5. Sold a long-term investment (cost $13,000) for cash of $6,000.

6. Acquired an investment in Wagner stock for cash of $10,000.

What is the net cash provided by financing activities?

a. $21,000

b. $12,000

c. $22,000

d. 0

Reference no: EM132425594

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