Use the following information to calculate the net cash provided or used by financing activities for the Hulu Corporation:
(a)Net income,$10,000
(b)Sold common stock for $40,000 cash
(c)Paid cash dividend of $13,000
(d)Paid bond payable,$28,000
(e)Purchased equipment for $12,000 cash

Financing Activities

Transactions between a business and its sources of funding, including equity and debt, reflected in the cash flow statement.

Net Income

The total profit of a company after all expenses and taxes have been deducted from total revenue.

Common Stock

Shares that constitute ownership in a corporation, providing voting rights and entitling shareholders to a portion of the company’s profits through dividends.