The Following Data Are Available for Quarter Company Net Cash Provided by Financing Activities Is:
A)$280,000

question 32

Multiple Choice

The following data are available for Quarter Company. $$\begin{array} { l r } \text { Increase in accounts payable } & \$ 120,000 \\\text { Increase in bonds payable } & 400,000 \\\text { Sale of investments } & 150,000 \\\text { Issuance of common stock } & 180,000 \\\text { Payment of cash dividends } & 90,000\end{array}$$ Net cash provided by financing activities is:

• A)$280,000.
• B)$490,000.
• C)$460,000.
• D)$520,000.

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Definitions:

Personally Liable

The state of being legally responsible for debts or obligations out of personal assets, not limited to business or corporate assets.

Agent

An individual or entity authorized to act on behalf of another in legal or business matters.

Holder in Due Course

A legal term for a party who has acquired a negotiable instrument in good faith and for value, affording them certain protections.

Promissory Note

A financial document in which one party promises to pay another a specific sum of money at a specified time or on demand.