The following T-account is a summary of the cash account of Sage Hill Company. Cash (Summary Form) Balance, Jan. 1 Receipts from customers Dividends on stock investments Proceeds from sale of equipment Proceeds from issuance of bonds payable Balance, Dec. 31 8,100 330,700 Payments for goods 6,400 Payments for operating expenses 39,400 Interest paid Taxes paid 321,100 Dividends paid 188,100 130,000 10,200 7,600 42,000 327,800 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. (15,0o00).) Net cash provided + by financing activities 268900
The following T-account is a summary of the cash account of Sage Hill Company. Cash (Summary Form) Balance, Jan. 1 Receipts from customers Dividends on stock investments Proceeds from sale of equipment Proceeds from issuance of bonds payable Balance, Dec. 31 8,100 330,700 Payments for goods 6,400 Payments for operating expenses 39,400 Interest paid Taxes paid 321,100 Dividends paid 188,100 130,000 10,200 7,600 42,000 327,800 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. (15,0o00).) Net cash provided + by financing activities 268900
Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter16: Statement Of Cash Flows
Section: Chapter Questions
Problem 21E
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