Refer to the information in E11-10. Data from in E11-10 The following summary transactions occurred during the
Question:
Refer to the information in E11-10.
Data from in E11-10
The following summary transactions occurred during the year for Bluebonnet.
Required:
Calculate net cash flows from financing activities.
Transcribed Image Text:
Cash received from: Collections from customers Interest on notes receivable Collection of notes receivable Sale of investments Issuance of notes payable Cash paid for: Purchase of inventory Interest on notes payable Purchase of equipment Salaries to employees Payment of notes payable Dividends to shareholders $380,000 6,000 50,000 30,000 100,000 160,000 5,000 85,000 90,000 25,000 20,000
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