The following summary transactions occurred during the year for Marigold. Cash received from: Collections from customers...

 

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The following summary transactions occurred during the year for Marigold. Cash received from: Collections from customers $400,000 Interest on notes receivable 16,000 Collection of notes receivable 70,000 Sale of investments Cash paid for: 50,000 Issuance of notes payable 120,000 Purchase of inventory 180,000 Interest on notes payable 15,000 Purchase of equipment 105,000 Salaries to employees - 110,000 Payment of notes payable 35,000 Dividends to shareholders 1,000 Required: Calculate net cash flows from financing activities. (Amounts to be deducted shou MARIGOLD COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2024 Cash flows from financing activities: Collection of notes receivable Collections from customers Dividends paid to shareholders Interest on notes payable The following summary transactions occurred during the year for Marigold. Cash received from: Collections from customers $400,000 Interest on notes receivable 16,000 Collection of notes receivable 70,000 Sale of investments Cash paid for: 50,000 Issuance of notes payable 120,000 Purchase of inventory 180,000 Interest on notes payable 15,000 Purchase of equipment 105,000 Salaries to employees - 110,000 Payment of notes payable 35,000 Dividends to shareholders 1,000 Required: Calculate net cash flows from financing activities. (Amounts to be deducted shou MARIGOLD COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2024 Cash flows from financing activities: Collection of notes receivable Collections from customers Dividends paid to shareholders Interest on notes payable

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Net cash flows from financing activities can be calculated by subtracting ... View the full answer