The following T-account is a summary of the Cash account of Wiegman Ltd. What amount of net

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The following T-account is a summary of the Cash account of Wiegman Ltd.

Cash (Summary Form) Balance, Jan. 1 8,000 364,000 Payments for goods 6,000 Payments for operating expenses 36,000 Interest paid 200,000 140,000 Receipts from customers Dividends on share investments Proceeds from sale of equipment 10,000 Proceeds from issuance of Taxes paid 8,000 bonds payable 460,000 Dividends paid 40,000 Balance, Dec. 31


What amount of net cash (in £) provided (used) by financing activities should be reported in the statement of cash flows?

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Accounting Principles

ISBN: 978-1119419617

IFRS global edition

Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt

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