My question is how to solve this problem, and why don't you include the proceeds from the sale of equipment in the calculation? BE12-3 The following T-account is a summary of the Cash account of CuellarCompany.Cash (Summary Form)Balance, Jan. 18,000364,000 Payments for goods6,000 Payments for operatingexpenses36,000 Interest paidReceipts from customers200,000Dividends on stock investments140,000Proceeds from sale of equipment10,000Proceeds from issuance of bonds 300,000 Taxes paidрayable8,000Dividends paid50,000Balance, Dec. 31306,000What amount of net cash provided (used) by financing activities should bereported in the statement of cash flows?Compute net cash provided by operating activities-indirect method.

Cash Flow Statement is a part of financial statement prepared to calculate the amount of cash and…

Answered: What amount of net cash provided (used)…

What amount of net cash provided (used) by financing activities should be reported in the statement of cash flows? Compute net cash provided by operating activities-indirect method.

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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Question

My question is how to solve this problem, and why don't you include the proceeds from the sale of equipment in the calculation?

BE12-3 The following T-account is a summary of the Cash account of Cuellar
Company.
Cash (Summary Form)
Balance, Jan. 1
8,000
364,000 Payments for goods
6,000 Payments for operating
expenses
36,000 Interest paid
Receipts from customers
200,000
Dividends on stock investments
140,000
Proceeds from sale of equipment
10,000
Proceeds from issuance of bonds 300,000 Taxes paid
рayable
8,000
Dividends paid
50,000
Balance, Dec. 31
306,000
What amount of net cash provided (used) by financing activities should be
reported in the statement of cash flows?
Compute net cash provided by operating activities-indirect method.

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