What is the net impact of these transactions on cash

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Reference no: EM13912223

Pugh Stump Rail Supply Inc. had the following transactions during 2015:

Purchased a $200,000 warehouse with $50,000 cash and a $150,000 mortgage from a bank.

Raised $100,000 from selling new shares of stock to investors. The cash was used to buy land to grow tulips.

Sold an old building for $50,000 (and suffered a loss on sale of $5,000) and used the cash to buy a new truck.

What is the net impact of these transactions on Pugh's Cash from Financing Activities during 2015?

$150,000

$250,000

$300,000

$100,000

$350,000

Reference no: EM13912223

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