Use the Following Information for Questions 12-13 -The Cash Provided by Financing Activities During 2020 Is
A)

question 26

Multiple Choice

Use the following information for questions 12-13.
Fables Corp. provided the following information for calendar 2020: Fables adheres to ASPE. $\begin{array}{llr} \text {Proceeds from issuing bonds } &\$300,000\\ \text { Purchase of inventories. } &570,000\\ \text { Purchase of treasury shares} &90,000\\ \text { Purchase of long-term investment } &420,000\\ \text { Dividends paid to preferred shareholders } &60,000\\ \text { Proceeds from issuing preferred shares } &240,000\\ \text {Proceeds from sale of equipment } &60,000\\\end{array}$

-The cash provided by financing activities during 2020 is

• A) $ 540,000.
• B) $ 480,000.
• C) $ 390,000.
• D) $ 330,000.

---

Definitions:

Representative Sample

A subset of a population that accurately reflects the members of the entire population.

Entire Population

All members of a specified group without exception, commonly referred to in studies, surveys, and statistical analyses.

External Agencies

Organizations or firms outside of a company that are utilized to perform tasks or services that are not handled in-house, often including advertising, marketing, or public relations efforts.

Formal Invitation

An official or ceremonial request for someone's presence at an event, typically conveyed through a written or printed card.