The following T-account is a summary of the cash account of Kingbird Company. Cash (Summary Form) Balance, Jan.1 7,200 Receipts from customers 327,600 Payments for goods 180,000 Dividends on stock investments 5,400 Payments for operating expenses 126,000 Proceeds from sale of equipment 32,400 Interest paid 9,000 Proceeds from issuance of Taxes paid 7,200 270,000 Dividends paid 284,400 bonds payable 36,000 Balance, Dec. 31 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 eg.-15,000 or in parenthesis eg. (15,000).) Net cash by financing activities $
The following T-account is a summary of the cash account of Kingbird Company. Cash (Summary Form) Balance, Jan.1 7,200 Receipts from customers 327,600 Payments for goods 180,000 Dividends on stock investments 5,400 Payments for operating expenses 126,000 Proceeds from sale of equipment 32,400 Interest paid 9,000 Proceeds from issuance of Taxes paid 7,200 270,000 Dividends paid 284,400 bonds payable 36,000 Balance, Dec. 31 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 eg.-15,000 or in parenthesis eg. (15,000).) Net cash by financing activities $
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter12A: The Statement Of Cash Flows
Section: Chapter Questions
Problem 3P
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