The following T-account is a summary of the Cash account of Alixon Company. What amount of net
Question:
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 fl ows?
Transcribed Image Text:
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. 31 364,000 Payments for goods 6,000 Payments for operating expenses 36,000 Interest paid 200,000 140,000 10,000 Taxes paid 8,000 40,000 300,000 Dividends paid 316,000
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Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1119493631
9th edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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