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The following T-account is a summary of the cash account of Blue Spruce Company.
Cash (Summary Form)
Balance, Jan. 1 10,400
Receipts from customers 473,200
Payments for goods 260,000
Dividends on stock investments 7,800
Payments for operating expenses 182,000
Proceeds from sale of equipment 46,800
Interest paid 13,000
Proceeds from issuance of Taxes paid 10,400
bonds payable 390,000
Dividends paid 52,000
Balance, Dec. 31 410,800
What amount of net cash provided (used) by financing activities should be reported in the statement of cash flows? (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
Net cash provided used by financing activities $ enter a dollar amount

Sagot :

varshamittal029

Net cash provided used by financing activities amount $338000


Proceeds from insurance of bond payable            $390000
Dividend paid                                                              -$52000
Net cash provided used by financing activities      $338000

Cash provided financing activities- The cash flow from financing activities (CFF) section of a company's cash flow statement shows the net cash flows used to fund the company. Financing activities include debt, equity, and dividend transactions.

Among the financing activities are:

-Equity issuance and repurchase.

-Short-term and long-term debt borrowing and repayment This activity includes principal payments to lenders and vendors, as well as the cost of issuing debt. ...

-Dividends are being paid.

-Other contributions or distributions from or to owners

For more information on financing activities visit:
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