s The following summary transactions occurred during 2024 for Dinos Design:Cash received from:Collections from customersInterest on notes receivableCollection of notes receivableSale of investmentsIssuance of notes payableCash paid for:Purchase of inventoryInterest on notes payablePurchase of equipmentSalaries to employeesPayment of notes payableDividends to shareholdersDINOS DESIGNStatement of Cash Flows+For the Year Ended December 31, 2024Required:Calculate net cash flows from financing activities.Note: Amounts to be deducted should be indicated with a minus sign.Cash flows from financing activities:$360,0007,00041,00021,000110,000Net cash flows from financing activities170,0006,00066,00071,00027,00022,000$0

Lets understand the basics.The cash flow statement tells about the cash flows from various…

Answered: from: Cash received Collections from…

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

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 27BE

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Question

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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