Solution-What amount of net cash provided by financing

What amount of net cash provided by financing activities

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Question - The following T-account is a summary of the Cash account of Lily Company.

Cash (Summary Form) Balance, Jan. 1 7,400

Receipts from customers 369,100

Payments for goods 242,000

Dividends on stock investments 5,400

Payments for operating expenses 141,000

Proceeds from sale of equipment 35,900

Interest paid 11,500

Proceeds from issuance of Taxes paid 8,700

Bonds payable 500,900

Dividends paid 61,000

Balance, Dec. 31 454,500

What amount of net cash provided (used) by financing activities should be reported in the statement of cash flows? (Show amount that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

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What amount of net cash provided by financing activities

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Reference no: EM133091378

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