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Sandhill World Corporation had the following activities in 2017. 1. Receipt on accounts receivable $1,553,000. 2. Purchase treasury stock $60,000. 3. Payment of dividends $183,000.
Sandhill World Corporation had the following activities in 2017.
1. | Receipt on accounts receivable $1,553,000. | |
2. | Purchase treasury stock $60,000. | |
3. | Payment of dividends $183,000. | |
4. | Purchase of equipment $86,000. | |
5. | Redemption of bonds payable $258,000. | |
6. | Issuance of preferred stock $305,000. |
Compute the amount Sandhill World should report as net cash provided (used) by financing activities in its 2017 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 select an option Provided or Used in Financing Activities | $enter net cash in dollars |
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