The following T-account is a summary of the Cash account of Sunland 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 7,100 367,500 Payments for goods 207,400 7,000 Payments for operating expenses 140,400 36,800 Interest paid 11,800 Taxes paid 7,900 499,200 Dividends paid 59,100 491,000 What amount of net cash provided (used) by financing activities should be reported in the statement of cash flows? (Show amount that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) by financing activities $

The following T-account is a summary of the Cash account of Sunland 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 7,100 367,500 Payments for goods 207,400 7,000 Payments for operating expenses 140,400 36,800 Interest paid 11,800 Taxes paid 7,900 499,200 Dividends paid 59,100 491,000 What amount of net cash provided (used) by financing activities should be reported in the statement of cash flows? (Show amount that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) by financing activities $

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

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 12MCQ: Smoltz Company reported the following information for the current year: cost of goods sold,...

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