Use the following information to calculate the net cash provided or used by financing activities for the Streams Corporation:(a) Net income, $10,000(b) Sold common stock for $40,000 cash(c) Paid cash dividend of $13,000(d) Paid bond payable, $28,000(e) Purchased equipment for $12,000 cash
What will be an ideal response?
Cash flows from financing activities | ? |
| Cash received from sale of common stock………… | $ 40,000 |
| Cash paid for dividends…………………………… | (13,000) |
| Cash paid on bonds payable……………………… | (28,000) |
| Net cash used by financing activities………………. | $(1,000) |
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