The following T-account is a summary of the Cash account of Cuellar Company. Cash (Summary Form) Balance, Jan. 1 9,000 Receipts from customers 361,800 Payments for goods 238,000 Dividends on stock investments 5,600 Payments for operating expenses 140,900 Proceeds from sale of equipment 35,300 Interest paid 11,700 Proceeds from issuance of Taxes paid 8,700 bonds payable 500,000 Dividends paid 60,000 Balance, Dec. 31 452,400 What amount of net cash provided (used) by financing activities should be reported in the statement of cash flows?
The following T-account is a summary of the Cash account of Cuellar Company. Cash (Summary Form) Balance, Jan. 1 9,000 Receipts from customers 361,800 Payments for goods 238,000 Dividends on stock investments 5,600 Payments for operating expenses 140,900 Proceeds from sale of equipment 35,300 Interest paid 11,700 Proceeds from issuance of Taxes paid 8,700 bonds payable 500,000 Dividends paid 60,000 Balance, Dec. 31 452,400 What amount of net cash provided (used) by financing activities should be reported in the statement of cash flows?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
The following T-account is a summary of the Cash account of Cuellar Company.
What amount of net cash provided (used) by financing activities should be reported in the statement ofcash flows ?
|
Cash (Summary Form)
|
|||
| Balance, Jan. 1 |
9,000
|
|
|
| Receipts from customers |
361,800
|
Payments for goods |
238,000
|
| Dividends on stock investments |
5,600
|
Payments for operating expenses |
140,900
|
| Proceeds from sale of equipment |
35,300
|
Interest paid |
11,700
|
| Proceeds from issuance of |
|
Taxes paid |
8,700
|
| bonds payable |
500,000
|
Dividends paid |
60,000
|
| Balance, Dec. 31 |
452,400
|
|
What amount of net cash provided (used) by financing activities should be reported in the statement of
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