Essay
Use the following information to calculate the net cash provided or used by financing activities for the Brooks Corporation:
(a) Net income, $10,000
(b) Sold ordinary shares for $4,000 cash
(c) Paid cash dividend of $3,000 (classify under financing activities)
(d) Paid bond payable, $8,000
(e) Purchased equipment for $12,000 cash
Correct Answer:
Verified
Correct Answer:
Verified
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