Question: Use the following data to compute net cash flows from financing activities. Cash paid for dividends ($10,000) Cash paid for income taxes ($15,000) Cash paid
Use the following data to compute net cash flows from financing activities.
| Cash paid for dividends | ($10,000) |
| Cash paid for income taxes | ($15,000) |
| Cash paid for interest expense | ($5,000) |
| Cash paid for salaries | ($400,000) |
| Cash paid to loan funds to a top manager | ($100,000) |
| Cash paid to purchase inventory | ($50,000) |
| Cash paid to purchase investments | ($120,000) |
| Cash paid to purchase machinery | ($150,000) |
| Cash paid to purchase treasury stock | ($25,000) |
| Cash paid to repay principal on a bank loan | ($100,000) |
| Cash received for interest and dividends earned | $6,000 |
| Cash received for loan repayment from manager | $100,000 |
| Cash received from a bank loan | $100,000 |
| Cash received from customers | $750,000 |
| Cash received on the sale of a building | $250,000 |
| Cash received on the sale of an investment | $10,000 |
| Cash received on the sale of our company's stock | $120,000 |
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