The following T account is a summary of the cash account of Edmonds Company. What amount of
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The following T account is a summary of the cash account of Edmonds Company.
What amount of net cash provided (used) by financing activities should be reported in the statement of cashflows?
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Cash (Summary Form) 8,000 Payments for goods 6,000 Payments for operating expenses 36,000 Interest paid Taxes paid 300,000 Dividends paid Balance, Jan. 1 Receipts from customers Dividends on stock investments Proceeds from sale of equipment Proceeds from issuance of bonds payable 200,000 140,000 10,000 8,000 50,000 Balance, Dec. 31 306,000
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Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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