The following summary transactions occurred during the year for Bluebonnet. 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 $380,000 6,000 50,000 30,000 100,000 Cash flows from financing activities: 160,000 5,000 Net cash flows from financing activities 85,000 90,000 Required: Calculate net cash flows from financing activities. (Amounts to be deducted should be indicated with a minus sign.) 25,000 20,000 BLUEBONNET COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2024 $
The following summary transactions occurred during the year for Bluebonnet. 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 $380,000 6,000 50,000 30,000 100,000 Cash flows from financing activities: 160,000 5,000 Net cash flows from financing activities 85,000 90,000 Required: Calculate net cash flows from financing activities. (Amounts to be deducted should be indicated with a minus sign.) 25,000 20,000 BLUEBONNET COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2024 $
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![The following summary transactions occurred during the year for Bluebonnet.
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
$380,000
6,000
50,000
Cash flows from financing activities:
30,000
100,000
Required:
Calculate net cash flows from financing activities. (Amounts to be deducted should be indicated with a minus sign.)
Net cash flows from financing activities
160,000
5,000
85,000
90,000
25,000
20,000
BLUEBONNET COMPUTER
Statement of Cash Flows (partial)
For the Year Ended December 31, 2024
$](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb59d7882-5e1a-4e96-8617-c38e97c9150c%2F2af24855-18e2-4301-99e0-d64dfb5c83ce%2Fb8mne2_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The following summary transactions occurred during the year for Bluebonnet.
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
$380,000
6,000
50,000
Cash flows from financing activities:
30,000
100,000
Required:
Calculate net cash flows from financing activities. (Amounts to be deducted should be indicated with a minus sign.)
Net cash flows from financing activities
160,000
5,000
85,000
90,000
25,000
20,000
BLUEBONNET COMPUTER
Statement of Cash Flows (partial)
For the Year Ended December 31, 2024
$
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