The following T-account is a summary of the cash account of Kemper Company. What amount of net
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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 6,000 Payments for operating expenses 140,000 Proceeds from sale of equipmet 36,000 Interest paid Proceeds from issuance of 8,000 364,000 Payments for goods 200,000 10,000 8,000 40,000 Taxes paid bonds payable Balance, Dec. 31 300,000 Dividends paid 316,000
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Related Book For
Accounting Tools for Business Decision Making
ISBN: 978-1118128169
5th edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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