Solution-Calculate the net amount of cash provided

Calculate the net amount of cash provided

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Question - Shepherd Industries had the following cash flows by major categories during the current year:

Cash provided by:
Receipts from customers	$560,000
Sale of bonds	400,000
Sale of treasury stock	34,000
Interest and dividends received	56,000
Sale of equipment (at a $56,000 loss)	236,000
Cash used for:
Payments to employees	$135,000
Payments to purchase inventory	190,000
Dividends on common stock	60,000
Purchase of treasury stock	20,000
Interest expense	78,000

Required - Calculate the net amount of cash provided by or used for financing activities for the year.

Reference no: EM131896245

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Calculate the net amount of cash provided

Reference no: EM131896245

Reference no: EM131896245

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