The following T account is a summary of the cash account of Holmes Company. What amount of
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The following T account is a summary of the cash account of Holmes Company.
What amount of net cash provided (used) by financing activities should be reported in the statement of cashflows?
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 8,000 364,000 Payments for goods 6,000 Payments for operating expenses 36,000 Interest paid Taxes paid 300,000 Dividends paid 316,000 200,000 140,000 10,000 8,000 40,000
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Related Book For
Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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