Information Net profit $7,000 Cash dividends paid to shareholders 2,000 Cash proceeds from sale of land 3,000
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Information
Net profit $7,000
Cash dividends paid to shareholders 2,000
Cash proceeds from sale of land 3,000
Cash proceeds from bank loan 5,000
Cash payment (principal) of bank loan1,000
Cash paid to purchase equipment 4,000
What amount the company would report as net cash provided by (used in) financing activities?
Related Book For
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
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