The following T-account is a summary of the Cash account of Coronado Company.Balance, Jan. 1Receipts from customersDividends on stock investmentsProceeds from sale of equipmentProceeds from issuance ofbonds payableBalance, Dec. 31Cash (Summary Form)Net cash7,000365,700 Payments for goods5,600 Payments for operating expenses 139,50037,000Interest paid11,400Taxes paid500,000 Dividends paid420,900275,100✓by financing activities $8,300What amount of net cash provided (used) by financing activities should be reported in the statement of cash fdecrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)60,100

Name: The following T-account is a summary of the Cash account of Coronado
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Description: The following T-account is a summary of the Cash account of Coronado Company.Balance, Jan. 1Receipts from customersDividends on stock investmentsProceeds from sale of equipmentProceeds from issuance ofbonds payableBalance, Dec. 31Cash (Summary Form)

The cash flow statement is used to record the various activities for the inflow and outflow of cash…

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The following T-account is a summary of the Cash account of Coronado Company. Balance, Jan. 1 Receipts from customers Dividends on stock investments Proceeds from sale of equipment Proceeds from issuance of bonds payable Balance, Dec. 31 Cash (Summary Form) Net cash 7,000 365,700 Payments for goods 275,100 5,600 Payments for operating expenses 139,500 37,000 Interest paid Taxes paid 500,000 Dividends paid 420,900 11,400 ✓by financing activities $ 8,300 What amount of net cash provided (used) by financing activities should be reported in the statement of cas decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) 60,100

The following T-account is a summary of the Cash account of Coronado Company. Balance, Jan. 1 Receipts from customers Dividends on stock investments Proceeds from sale of equipment Proceeds from issuance of bonds payable Balance, Dec. 31 Cash (Summary Form) Net cash 7,000 365,700 Payments for goods 275,100 5,600 Payments for operating expenses 139,500 37,000 Interest paid Taxes paid 500,000 Dividends paid 420,900 11,400 ✓by financing activities $ 8,300 What amount of net cash provided (used) by financing activities should be reported in the statement of cas decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) 60,100

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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