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

Question 29

Multiple Choice

 Net income 14,000 Cash dividends paid to stockholders 4,000 Cash proceeds from sale of land 6,000 Cash proceeds from bank loan 10,000 Cash payment (principal)  on bank loan 2,000 Cash paid to purchase equipment 8,000\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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