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18 August, 17:02

Net income $ 15,500 Cash dividends paid to stockholders 3,600 Cash proceeds from sale of land 3,800 Cash proceeds from bank loan 9,800 Cash payment (principal) on bank loan 2,700 Cash paid to purchase equipment 7,200 The company would report net cash provided by (used in) financing activities of:

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  1. 18 August, 19:49
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    Answer: 3500

    Explanation:

    The company would report net cash provided by (used in) financing activities based on the following:

    Cash proceeds from bank loan 9,800

    Less: Cash dividends paid to stockholders 3,600

    Less: Cash payment (principal) on bank loan 2,700

    Cash flow on financing activity will now be:

    = (9800 - 3600 - 2700)

    = 9800 - 6300

    = 3500

    Therefore, the The company would report net cash provided by (used in) financing activities of 3500
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