BE14-3 The following T account is a summary of the cash account of Edmonds Company
Balance, Jan. 1 8,000
Receipts from customers 364,000 Payments for goods 200,000
Dividends on stock investments 6,000 Payments for operating expenses 140,000
Proceeds from sale of equipment 36,000 Interest paid 10,000
Proceeds from issuance of Taxes paid 8,000
bonds payable 300,000 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?
No comments:
Post a Comment