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4 January, 01:55

In 2017, Walker Company issued common stock for $200,000 cash. The company also paid cash dividends of $30,000, and issued a two-year note payable to purchase equipment for $45,000. Bonds payable increased from the issuance of bonds for $50,000 cash. The statement of cash flows should report net cash provided by financing activities of?

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  1. 4 January, 02:14
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    The statement of cash flows should report net cash provided by financing activities of $265,000.

    Explanation:

    Cash Flow from Financing activites:

    Common stock issued = $200,000

    Dividend Payment = ($30,000)

    Issuance of note payable = $45,000

    Issuance of Bond = $50,000

    Net cash flow = 265,000

    The statement of cash flows should report net cash provided by financing activities of $265,000.
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