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) 7,400 364,120 Payments for goods Balance, Jan. 1 Receipts from customers Dividends on stock investments 6,900 Payments for operating expenses Proceeds from sale of equipment 35,260 Interest paid Proceeds from issuance of 200,090 141,130 11,550 6,340 71,140 Taxes paid 469,400Dividends paid 452,830 Balance, Dec. 31 What amount of net cash provided (used) by financing activities should be reported in the statement of cash flows? Net cash by financing activities $

Explanation / Answer

Problem 12-3

Problem 12-3A

Cash flows from investing activities Proceeds from issuance of bonds $ 469,400 Dividend paid $ (71,140) Net cash provided by investing activities $ 398,260

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