The following summary transactions occurred during the year for Marigold. 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 $400,000 16,000 70,000 50,000 120,000 180,000 15,000 105,000 110,000 35,000 1,000 Required: Calculate net cash flows from financing activities. (Amounts to be deducted shou MARIGOLD COMPUTER Statement of Cash Flows (partial)

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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The following summary transactions occurred during the year for Marigold.
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
Required:
Calculate net cash flows from financing activities. (Amounts to be deducted shou
Cash flows from financing activities:
$400,000
16,000
70,000
50,000
120,000
MARIGOLD COMPUTER
Statement of Cash Flows (partial)
For the Year Ended December 31, 2024
Collection of notes receivable
Collections from customers
Dividends paid to shareholders
Interest on notes payable
180,000
15,000
105,000
- 110,000
35,000
1,000
身
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4 of 5
Transcribed Image Text:The following summary transactions occurred during the year for Marigold. 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 Required: Calculate net cash flows from financing activities. (Amounts to be deducted shou Cash flows from financing activities: $400,000 16,000 70,000 50,000 120,000 MARIGOLD COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2024 Collection of notes receivable Collections from customers Dividends paid to shareholders Interest on notes payable 180,000 15,000 105,000 - 110,000 35,000 1,000 身 < Prev 4 of 5
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