The following T account is a summary of the cash account of Edmonds 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 Proceeds from issuance of 8,000 364,000 Payments for goods 200,000 6,000 Payments for operating expenses 140.000 Interest paid Taxes paid 10,000 8.000 50,000 bonds payable 300,000 Dividends paid Balance, Dec. 31 306,000
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Related Book For
Financial Accounting
ISBN: 978-0470507018
7th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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