The following T-account is a summary of the Cash account of Alixon Company. What amount of net
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The following T-account is a summary of the Cash account of Alixon Company.
What amount of net cash provided (used) by financing activities should be reported in the statement of cash flows?
Transcribed Image Text:
Balance, Jan. 1 Receipts from customers Dividends on stock investments Proceeds from sale of equipment Proceeds from issuance of bonds payable Balance, Dec. 31 Cash (Summary Form) 8,000 364,000 Payments for goods 6,000 36,000 300,000 316,000 Payments for operating expenses Interest paid Taxes paid Dividends paid 200,000 140,000 10,000 8,000 40,000
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Related Book For
Accounting Principles
ISBN: 9781119707110
14th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell
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