The following T account is a summary of the cash account of Elkhart Company. What amount of
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What amount of net cash provided (used) by financing activities should be reported in the statement of cashflows?
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Cash (Summary Form) Balance, Jan. 1 Receipts from customers Dividends on stock investments Proceeds from sale of equipment 36,000 Interest paid Proceeds from issuance of 8,000 364,000 6,000 200,000 Payments for operating expenses 140,000 10,000 8,000 50,000 Payments for goods Taxes paid 200,000 Dividends paid 206,000 bonds payable Balance, Dec. 31
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Related Book For
Intermediate Accounting principles and analysis
ISBN: 978-0471737933
2nd Edition
Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso
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