The Company Would Report Net Cash Provided by (Used In)financing

question 29

Multiple Choice

$\begin{array}{lr}\text { Net income } & 14,000 \\\text { Cash dividends paid to stockholders } & 4,000 \\\text { Cash proceeds from sale of land } & 6,000 \\\text { Cash proceeds from bank loan } & 10,000 \\\text { Cash payment (principal) on bank loan } & 2,000 \\\text { Cash paid to purchase equipment } & 8,000\end{array}$ The company would report net cash provided by (used in) financing activities of:

• A)$(5,000).
• B)$4,000.
• C)$10,000.
• D)$12,000.

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