Question

The following T-account is a summary of the Cash account of Tamarisk, Inc.. Cash (Summary Form) Balance, Jan. 1 8,200 Receipts from customers 362,100 Payments for goods 294,200 Dividends on stock investments 6,700 Payments for operating expenses 139,800 Proceeds from sale of equipment 36,300 Interest paid 10,400 Proceeds from issuance of bonds payable 500,400 Taxes paid 8,100 Dividends paid 60,400 Balance, Dec. 31 400,800 What amount of net cash provided (used) by financing activities should be reported in the statement of cash flows?

Answer 1

$440,000

Step-by-step explanation:

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

Cash-flow from Financing activities

Particulars Amount

Proceeds from issuance of bonds payable $500,400

Dividends paid -$60,400

Net cash provided by financing activities $440,000