The following T-account is a summary of the cash account of Shamrock Company. Balance, Jan. 1 Receipts from customers Dividends on stock investments Cash (Summary Form) Proceeds from sale of equipment Proceeds from issuance of bonds payable Balance, Dec. 31 Net cash 16,000 728,000 Payments for goods 400,000 12,000 Payments for operating expenses 280,000 72,000 Interest paid Taxes paid 600,000 Dividends paid 632,000 provided by financing activities What amount of net cash provided (used) by financing activities should be reported in the statement of cash flows? (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000).) $ 20,000 312000 16,000 80,000

The following T-account is a summary of the cash account of Shamrock Company. Balance, Jan. 1 Receipts from customers Dividends on stock investments Cash (Summary Form) Proceeds from sale of equipment Proceeds from issuance of bonds payable Balance, Dec. 31 Net cash 16,000 728,000 Payments for goods 400,000 12,000 Payments for operating expenses 280,000 72,000 Interest paid Taxes paid 600,000 Dividends paid 632,000 provided by financing activities What amount of net cash provided (used) by financing activities should be reported in the statement of cash flows? (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000).) $ 20,000 312000 16,000 80,000

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

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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NOTE: Using INDIRECT Method (Cash Flow)
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