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 flows?
Transcribed Image Text:
Balance, Jan. 1 Receipts from customers Dividends on stock investments Proceeds from sale of equipment Proceeds from issuance of bonds payable Balance, Dec. 31 Cash (Summary Form) 8,000 364,000 6,000 36,000 300,000 316,000 Payments for goods Payments for operating expenses Interest paid Taxes paid Dividends paid 200,000 140,000 10,000 8,000 40,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 55% (9 reviews)
The net cash provided used by financing activities i...View the full answer
Answered By
Maurat Ivan
I have been working in the education and tutoring field for the past five years, and have gained a wealth of experience and knowledge in this area. I have a bachelor's degree in education, and have completed additional coursework in teaching and tutoring.
In my previous roles, I have worked as a teacher in both private and public schools, teaching a variety of subjects including math, science, and English. I have also worked as a private tutor, providing one-on-one tutoring to students in need of additional support and guidance.
In my current role, I work as an online tutor, providing virtual tutoring services to students around the world. I have experience using a variety of online tutoring platforms and technologies, and am comfortable working with students of all ages and skill levels.
I am passionate about helping students succeed and reach their full potential, and I believe that my education and tutoring experience make me an excellent candidate for a tutoring job at SolutionInn. I am confident that my knowledge, skills, and experience will enable me to provide top-quality tutoring services to students on the SolutionInn platform.
0.00
0 Reviews
10+ Question Solved
Related Book For
Accounting Principles
ISBN: 9781119707110
14th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell
Question Posted:
Students also viewed these Business questions
-
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? Cash...
-
The following T account is a summary of the cash account of Wiegman Company. What amount of net cash provided (used) by financing activities should be reported in the statement of cashflows? Cash...
-
Find the derivatives of the function. 9 cot sin t t
-
A Ltd. received the following dividend income during the current year: $1,000 of eligible dividends from a taxable Canadian corporation $1,000 of non-eligible dividends from a taxable Canadian...
-
What are the challenges of closing a deal? Why do some companies have two closings?
-
Give the advantages of I.C. engines over steam engines.
-
Sara, a lawyer, drew a deed for Robert by which Robert was to convey land to Rick. The deed was correct in every detail. Robert examined and verbally approved it but did not sign it. Sara erased...
-
Reference the article on Workplace Wellness Programs Workplace Wellness Programs - Alternative Formats , which provides an example of a complete policy. Compile a concise model policyon opioid...
-
Which is the foundation of an accurate hotel sales forecast? a. Sales history b. Budget c. Number of rooms currently on the books d. Current guest arrival list
-
Under IFRS: a . Taxes are always treated as an operating activity. b . The income statement uses the headings operating, investing, and financing. c . Dividends received can be either an operating or...
-
IFRS requires that noncash items: a . Be reported in the section to which they relate, that is, a noncash investing activity would be reported in the investing section. b . Be disclosed in the notes...
-
First Class Maids Company, the cleaning service, started the preparation of its adjusted trial balance as follows: During the 12 months ended December 31, 2012, First Class Maids a. Used supplies of...
-
Action Quest Games Inc. adjusts its accounts annually. The following information is available for the year ended December 31, 2019. 1. Purchased a 1-year insurance policy on June 1 for $1,800 cash....
-
Southern Californian Scott Robinson had quite a rsum when he returned from studying in France last Christmas. The 26-year-old had an undergraduate degree from Bucknell University, two MBAs, and...
-
Throughout the 1990s, Selina Lo had a reputation as one of Silicon Valleys most aggressive and successful salespeople. But anyone who was not part of what Lo deemed the solution, she treated as her...
-
Despite layoffs and recession-starved budgets, many employers are investing in leadership-development programs, hoping not to be caught short of strong managers when the economy recovers. Identifying...
-
The nations business leaders are confronting a confusing and stark reality. Few have ever faced such calamitous circumstances. A daunting task lies before them: making sure their corporations survive...
-
Is there anywhere on Earth where a bathroom scale reads your true weight? If so, where? Where does your apparent weight due to Earth's rotation differ most from your true weight
-
-4 1 9. Let A = Find A-1, (A") and verify that (A")= (A-1)".
-
Tracy Harper has a $39,000 capital balance in a partnership. She sells her interest to Kim Remington for $45,000 cash. What entry is made by the partnership for this transaction?
-
Tracy Harper has a $39,000 capital balance in a partnership. She sells her interest to Kim Remington for $45,000 cash. What entry is made by the partnership for this transaction?
-
Debbie Perry retires from the partnership of Garland, Newlin, and Perry. She receives $85,000 of partnership assets in settlement of her capital balance of $77,000. Assuming that the income-sharing...
-
"Managing Away Bad Habits Team Assignment Organizational Behavior IILeadership Assigned is ashort case from the exercise Managing Away Bad Habits. The task is to develop a turnaround strategy for...
-
"Managing Away Bad Habits Team Assignment Organizational Behavior IILeadership Assigned is ashort case from the exercise Managing Away Bad Habits. The task is to develop a turnaround strategy for...
-
11 The APRN unit director is working at an agency that has a high incidence of medication errors, specifically with heparin. One recent error had a patient receive twice the prescribed dose. Which...
Study smarter with the SolutionInn App