Cash (Summary Form) Balance, Jan. 1 Receipts from customers Dividends on stock investments Proceeds from sale of equipment Proceeds from issuance of bonds payable Balance, Dec. 31 Net cash 19.200 873.600 Payments for goods 480,000 14,400 Payments for operating expenses 336.000 86,400 interest paid Taxes paid Dividends paid 720,000 758.400 24,000 by financing activities 19,200 What amount of net cash provided (used) by financing activities should be reported in the statement of cash flows? (Show amounts that decrease cash flow with either a signea-15,000 or in parenthesis eas (15,0001) 96,000

Cash (Summary Form) Balance, Jan. 1 Receipts from customers Dividends on stock investments Proceeds from sale of equipment Proceeds from issuance of bonds payable Balance, Dec. 31 Net cash 19.200 873.600 Payments for goods 480,000 14,400 Payments for operating expenses 336.000 86,400 interest paid Taxes paid Dividends paid 720,000 758.400 24,000 by financing activities 19,200 What amount of net cash provided (used) by financing activities should be reported in the statement of cash flows? (Show amounts that decrease cash flow with either a signea-15,000 or in parenthesis eas (15,0001) 96,000

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter12A: The Statement Of Cash Flows

Section: Chapter Questions

Problem 1P: Mahoney Company has the following financial statements for 2017 and 2018. Assume that the purchase...

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