The following summary transactions occurred during the year for Petunia. 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 $390,000 11,000 60,000 40,000 110,000 Required: Calculate net cash flows from financing activities. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from financing activities: 170,000 10,000 95,000 100,000 30,000 1,000 PETUNIA COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2024 Net cash flows from financing activities
The following summary transactions occurred during the year for Petunia. 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 $390,000 11,000 60,000 40,000 110,000 Required: Calculate net cash flows from financing activities. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from financing activities: 170,000 10,000 95,000 100,000 30,000 1,000 PETUNIA COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2024 Net cash flows from financing activities
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The following summary transactions occurred during the year for Petunia.
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
$390,000
11,000
60,000
40,000
110,000
Required:
Calculate net cash flows from financing activities. (Amounts to be deducted should be indicated with a minus sign.)
Cash flows from financing activities:
170,000
10,000
95,000
100,000
30,000
1,000
PETUNIA COMPUTER
Statement of Cash Flows (partial)
For the Year Ended December 31, 2024
Net cash flows from financing activities
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