M12-7 Computing Cash Flows from Financing Activities [LO 12-4] Based on the following information, compute cash...
M12-7 Computing Cash Flows from Financing Activities [LO 12-4]
Based on the following information, compute cash flows from financing activities under GAAP.
| Purchase of investments | $ 170 |
| Dividends paid | 1,120 |
| Interest paid | 320 |
| Additional borrowing from bank | 2,400 |
Cssh Flows from Financing Activities _______
Homework Answers
Solution:
|
Particulars |
Amount ($) |
|
CASH FLOW FROM FINANCING ACTIVITIES |
|
|
Additional borrowing from bank |
2400 |
|
Dividends paid |
(1,120) |
|
Interest paid |
(320) |
|
Net Cash provided by financing activities |
960 |
Additional borrowing from bank 2400
Dividends paid (1120)
Net cash provided by financing activities 1280
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