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The following summary transactions occurred during the year for Marigold. Cash received from: Collections from customers Interest on notes receivable Collection of notes receivable Sale of investments Issuance of notes payable Cash paid for: Purchase of inventory Interest on notes payable Purchase of equipment Salaries to employees Payment of notes payable Dividends to shareholders $400,000 16,000 70,000 50,000 120,000 180,000 15,000 105,000 110,000 35,000 1,000 Required: Calculate net cash flows from financing activities. (Amounts to be deducted shou MARIGOLD COMPUTER Statement of Cash Flows (partial)

The following summary transactions occurred during the year for Marigold. Cash received from: Collections from customers Interest on notes receivable Collection of notes receivable Sale of investments Issuance of notes payable Cash paid for: Purchase of inventory Interest on notes payable Purchase of equipment Salaries to employees Payment of notes payable Dividends to shareholders $400,000 16,000 70,000 50,000 120,000 180,000 15,000 105,000 110,000 35,000 1,000 Required: Calculate net cash flows from financing activities. (Amounts to be deducted shou MARIGOLD COMPUTER Statement of Cash Flows (partial)

Financial Accounting: The Impact on Decision Makers
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter7: Receivables And Investments
Section: Chapter Questions
Problem 7.19E
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Please answer completely and correctly  with explanation computation formula steps answer in text no copy paste show explanation and computation clearly for numbers provide full working for all steps with explanation  answer  in text form
The following summary transactions occurred during the year for Marigold. Cash received from: Collections from customers Interest on notes receivable Collection of notes receivable Sale of investments Issuance of notes payable Cash paid for: Purchase of inventory Interest on notes payable Purchase of equipment Salaries to employees Payment of notes payable Dividends to shareholders Required: Calculate net cash flows from financing activities. (Amounts to be deducted shou Cash flows from financing activities: $400,000 16,000 70,000 50,000 120,000 MARIGOLD COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2024 Collection of notes receivable Collections from customers Dividends paid to shareholders Interest on notes payable 180,000 15,000 105,000 - 110,000 35,000 1,000 身 < Prev 4 of 5
Transcribed Image Text:The following summary transactions occurred during the year for Marigold. Cash received from: Collections from customers Interest on notes receivable Collection of notes receivable Sale of investments Issuance of notes payable Cash paid for: Purchase of inventory Interest on notes payable Purchase of equipment Salaries to employees Payment of notes payable Dividends to shareholders Required: Calculate net cash flows from financing activities. (Amounts to be deducted shou Cash flows from financing activities: $400,000 16,000 70,000 50,000 120,000 MARIGOLD COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2024 Collection of notes receivable Collections from customers Dividends paid to shareholders Interest on notes payable 180,000 15,000 105,000 - 110,000 35,000 1,000 身 < Prev 4 of 5
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