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2 January, 04:14

The following data are available for Something Strange! Increase in accounts payable $40,000 Increase in bonds payable 100,000 Sale of investment 50,000 Issuance of common stock 60,000 Payment of cash dividends 30,000 Net cash provided by financing activities is $160,000. $130,000. $170,000. $90,000.

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  1. 2 January, 08:08
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    Net cash provided by financing activities is $130,000

    Explanation:

    Increase in bonds Payable = $100000

    Issuance of Common stock = $60000

    Payment of cash dividends = $30000

    Therefore,

    Net cash provided by financing activities = Increase in bonds Payable + Issuance of Common stock - Payment of cash dividends

    = $100000 + $60000 - $30000

    = $130,000
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