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from: Cash received Collections from customers Interest on notes receivable Collection of notes receivable Sale of investments Issuance of notes payable h na

from: Cash received Collections from customers Interest on notes receivable Collection of notes receivable Sale of investments Issuance of notes payable h na

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following summary transactions occurred during 2024 for Dinos Design: Cash received from: Collections from customers Interest on notes receivable Collection of notes receivable Sale of investments Issuance of notes payable Cash paid for: Purchase of inventory Interest on notes payable Purchase of equipment Salaries to employees Payment of notes payable Dividends to shareholders DINOS DESIGN Statement of Cash Flows + For the Year Ended December 31, 2024 Required: Calculate net cash flows from financing activities. Note: Amounts to be deducted should be indicated with a minus sign. Cash flows from financing activities: $360,000 7,000 41,000 21,000 110,000 Net cash flows from financing activities 170,000 6,000 66,000 71,000 27,000 22,000 $ 0
Transcribed Image Text:The following summary transactions occurred during 2024 for Dinos Design: Cash received from: Collections from customers Interest on notes receivable Collection of notes receivable Sale of investments Issuance of notes payable Cash paid for: Purchase of inventory Interest on notes payable Purchase of equipment Salaries to employees Payment of notes payable Dividends to shareholders DINOS DESIGN Statement of Cash Flows + For the Year Ended December 31, 2024 Required: Calculate net cash flows from financing activities. Note: Amounts to be deducted should be indicated with a minus sign. Cash flows from financing activities: $360,000 7,000 41,000 21,000 110,000 Net cash flows from financing activities 170,000 6,000 66,000 71,000 27,000 22,000 $ 0
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