Brief Exercise 12-3 The following T-account is a summary of the cash account of

Question

Brief Exercise 12-3 The following T-account is a summary of the cash account of Kemper Company. Cash (Summary Form) Balance, Jan. 1 Receipts from customers Dividends on stock investments Proceeds from sale of equipment 48,470 Interest paid Proceeds from issuance of 6,020 360,030 Payments for goods 207,400 s on stock investments 4,330 Payments for operating expenses 130,680 13,130 8,520 71,010 Taxes paid bonds payable Balance, Dec. 31 347,690 Dividends paid 335,800 What amount of net cash provided (used) by financing activities should be reported in the statement of cash flows? Net cash by financing activities $ LINK TO TEXT Copyright © 2000-2016 by John Wiley & Sons, Inc. or related companies. All rights reserved

Explanation / Answer

       2,63,550

Cash flow from sale of equipment=$48,470

Net cash from financing activities Particulars Amount $ Proceeds from issuance of bonds payable        3,47,690 Interest paid          -13,130 Dividends paid          -71,010

       2,63,550

Related Questions

Navigate

• Browse (All)
• Browse B
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.