Business, 10.05.2021 16:40, willijav000

The following T-account is a summary of the cash account of Alixon Company. Cash (Summary Form)

Balance, Jan. 1 8,000
Receipts from customers 364,000 Payments for goods 200,000
Dividends on stock investments 6,000 Payments for operating expenses 140,000
Proceeds from sale of equipment 36,000 Interest paid 10,000
Proceeds from issuance of bonds payable 8,000 Taxes paid 300,000
Dividends paid 40,000 Balance, Dec. 31 316,000

Required:
What amount of net cash provided (used) by financing activities should be reported in the statement of cash flows?

Answers: 1

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The following T-account is a summary of the cash account of Alixon Company. Cash (Summary Form)