Calvin Company Provided the Following Information During 2017 How Much Is 'Net Cash Provided by Financing Activities' During

question 49

Multiple Choice

Calvin Company provided the following information during 2017:
$\begin{array}{lr}\text { Purchase of land by issuing bonds } & \$ 550,000 \\\text { Proceeds from issuing long-term debt } & 300,000 \\\text { Dividends paid to shareholders } & 120,000 \\\text { Proceeds from issuing stock } & 300,000 \\\text { Proceeds from sale of building } & 360,000 \\\text { Purchases of inventories } & 800,000 \\\text { Purchase of treasury stock } & 430,000\end{array}$

How much is 'net cash provided by financing activities' during 2017?

• A)$(500,000)
• B)$550,000
• C)$50,000
• D)$600,000

---

Definitions:

Demand Decreases

A reduction in the quantity of a good that consumers are willing and able to buy at each possible price.

Equilibrium Quantity

The amount of goods or services supplied and demanded at the equilibrium price, where the quantity supplied equals the quantity demanded.

Demand Increases

A situation in which the quantity of a product or service that consumers are willing and able to buy at a specific price rises.

Price Restrictions

Regulations or limits placed on the price level for goods and services, often by a government to control inflation or protect consumers.