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The following T-account is a summary of the cash account of Novak Company.
Cash (Summary Form)
Balance, Jan. 1 8,600
Receipts from customers 347,300
Payments for goods 219,900
Dividends on stock investments 5,700
Payments for operating expenses 129,500
Proceeds from sale of equipment 34,200
Interest paid 9,500
Proceeds from issuance of Taxes paid 8,600
bonds payable 290,700
Dividends paid 36,700
Balance, Dec. 31 282,300
1. What amount of net cash provided (used) by financing activities should be reported in the statement of cash flows?

Respuesta :

Answer:

$244,500.00

Explanation:

The financing activities given are;

  • Interest paid 9,500
  • bonds payable 290,700
  • Dividends paid 36,700

Other activities are Operating and investing activities

                                                                                      Amount in $

Interest paid                                                                   (9,500.00)

Bonds payable                                                             290,700 .00

Dividends paid                                                               (36,700.00)

Net cash flows provided by financing activities          244,500.00                    

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