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Alexander Company has provided information concerning items taken from its financial statements to assist you in preparing its statement of cash flows, direct method: 1.
Alexander Company has provided information concerning items taken from its financial statements to assist you in preparing its statement of cash flows, direct method: 1. Billed clients for work previously completed, $40,000. 2. Proceeds from sale of subsidiary, $183,000. 3. Cash paid for insurance, $45,000. 4. Purchased treasury stock, $298,000. 5. Retired bonds, $239,000. 6. Issued bonds, $254,000. Required: From the information given, calculate the net amount of cash from financing activities or the net amount of cash used for financing activities. Cash received $ Cash used
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