What is the net cash provided by financing activities

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Question - Vegetable Market had the following transactions during 2017:

1. Issued $50,000 of par value common stock for cash.

2. Repaid a 6 year note payable in the amount of $22,000.

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

4. Declared and paid a cash dividend of $7,000.

5. Sold a long-term investment (cost $3,000) for cash of $6,000.

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

Required - What is the net cash provided by financing activities?

a. $21,000

b. $67,000

c. $28,000

d. $0

 

Reference no: EM132630292

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