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Calculate the net amount of cash from financing activities

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Reference no: EM132583990

Cooper Company has provided information concerning items taken from its financial statements to assist you in preparing its statement of cash flows, direct method:

1. Purchased equipment with cash, $267000.

2. Cash sales, $66000.

3. Issued common stock for cash, $200000.

4. Paid a cash dividend, $62000.

5. Amortized patent, $76000.

6. Borrowed money by issuing a three year note $284,000

Question 1: From the information given, calculate the net amount of cash from financing activities or the net amount of cash used for financing activities.

  • Cash received
  • Cash used

Reference no: EM132583990

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