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 $384,000 8,000 54,000 34,000 104,000 164,000 7,000 89,000 94,000 27,000 1,000 Required: Calculate net cash flows from financing activities. (Amounts to be deducted
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 $384,000 8,000 54,000 34,000 104,000 164,000 7,000 89,000 94,000 27,000 1,000 Required: Calculate net cash flows from financing activities. (Amounts to be deducted
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![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
$384,000
8,000
54,000
34,000
104,000
Required:
Calculate net cash flows from financing activities. (Amounts to be deducted should be indicated with a minus sign.)
Cash flows from financing activities:
164,000
7,000
89,000
94,000
27,000
1,000
PETUNIA COMPUTER
Statement of Cash Flows (partial)
For the Year Ended December 31, 2024
Net cash flows from financing activities](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F683e6049-f41e-41f5-a619-80d6f1f823c6%2Fb8211775-bbd3-49aa-939b-085342d27223%2F48844t_processed.png&w=3840&q=75)
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
$384,000
8,000
54,000
34,000
104,000
Required:
Calculate net cash flows from financing activities. (Amounts to be deducted should be indicated with a minus sign.)
Cash flows from financing activities:
164,000
7,000
89,000
94,000
27,000
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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