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 Indigo Corporation. Cash (Summary Form) 7,700 329,500 Payments for goods Balance, Jan. 1 Receipts from customers Dividends on stock investments 6,200 Payments for operating expenses 145,700 Proceeds from sale of equipment 33,000 Interest paid Proceeds from issuance of 187,900 10,900 8,500 37,200 Taxes paid bonds payable Balance, Dec. 31 296,100 Dividends paid 282,300 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 by financing activities

Explanation / Answer

et cash from financing activities

proceeds from issuance of bonds payable 296,100

Dividends paid -37,200

Net cash provided by financing activities $ 258,900 answer

et cash from financing activities

proceeds from issuance of bonds payable 296,100

Dividends paid -37,200

Net cash provided by financing activities $ 258,900 answer

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