The following T-account is a summary of the cash account of Pronghorn Corp. 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 25,600 1,164,800 Payments for goods 640,000 19,200 Payments for operating expenses 448,000 115,200 Interest paid 32,000 Taxes paid 25,600 960,000 Dividends paid 12,800 1,011,200 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).) by financing activities $ CA

The following T-account is a summary of the cash account of Pronghorn Corp. 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 25,600 1,164,800 Payments for goods 640,000 19,200 Payments for operating expenses 448,000 115,200 Interest paid 32,000 Taxes paid 25,600 960,000 Dividends paid 12,800 1,011,200 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).) by financing activities $ CA

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

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 13MCQ

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