Reference no: EM13125837
Dingo boot company uses the direct method to prepare its statement of cash flows. the company had the following cash flows during 2014:
cash receipts from the issuance of common stock... $400,000
cash receipts from cusomers... $200,000
cash receipts from dividends on long-term investments..... $30,000
cash receipts from payment of loan made to another company ........... $220,000
cash payments for wages and other operating expenses...... $120,000
cash payments for insurance ....... $10,000
cash payments for dividends......... $20,000
cash payments for taxes ........... $40,000
cash payments to purchase land........ $80,000
The net cash provided by (used in) all activities is:
a. $580,000
b. $410,000
c. $380,000
d. $(60,000)
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