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The following T-account is a summary of the cash account of Flint Corporation. Cash (Summary Form) Balance, Jan. 1 23,200 Receipts from customers 1,055,600 Payments
The following T-account is a summary of the cash account of Flint Corporation.
Cash (Summary Form) | |||
Balance, Jan. 1 | 23,200 | ||
Receipts from customers | 1,055,600 | Payments for goods | 580,000 |
Dividends on stock investments | 17,400 | Payments for operating expenses | 406,000 |
Proceeds from sale of equipment | 104,400 | Interest paid | 29,000 |
Proceeds from issuance of | Taxes paid | 23,200 | |
bonds payable | 870,000 | Dividends paid | 116,000 |
Balance, Dec. 31 | 916,400 |
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 provided or used by financing activities | $enter a dollar amount |
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