The following T-account is a summary of the Cash account of AMI Company. Cash (Summary Form) Balance, Jan 1 $ 7,300.00 Balance from customers $367,500.00 Payments for goods $213,800.00 Dividends on Stock investments $ 6,500.00 Payments for operating expense $139,300.00 Proceeds from sale of equipment $ 35,100.00 Interest paid $ 10,900.00 Taxes paid $500,100.00 Dividends paid $ 8,900.00 $ 60,100.00 proceeds from the issuance of bonds payable Balance, Dec 31 $483,500.00 What amount of net cash provided (used) by financing activities should be reported in the statement of cash flows? (Show amount that decrease cash flow with either a - sign e.g. - 15,000 or in parenthesis e.g. (15,000).) Net cash provided by financing activities $

The following T-account is a summary of the Cash account of AMI Company. Cash (Summary Form) Balance, Jan 1 $ 7,300.00 Balance from customers $367,500.00 Payments for goods $213,800.00 Dividends on Stock investments $ 6,500.00 Payments for operating expense $139,300.00 Proceeds from sale of equipment $ 35,100.00 Interest paid $ 10,900.00 Taxes paid $500,100.00 Dividends paid $ 8,900.00 $ 60,100.00 proceeds from the issuance of bonds payable Balance, Dec 31 $483,500.00 What amount of net cash provided (used) by financing activities should be reported in the statement of cash flows? (Show amount that decrease cash flow with either a - sign e.g. - 15,000 or in parenthesis e.g. (15,000).) Net cash provided by financing activities $

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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