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

Need your ASSIGNMENT done? Use our paper writing service to score better and meet your deadlines.


Order a Similar Paper Order a Different Paper

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

a.
Calculate the net amount of cash provided by or used for financing activities for the year. (Omit the “$” sign in your response.)

Net Cash financing activities $

 

"Is this question part of your assignment? We can help"

ORDER NOW

Do you need help with this or a different assignment? We offer CONFIDENTIAL, ORIGINAL (Turnitin/LopesWrite/SafeAssign checks), and PRIVATE services using latest (within 5 years) peer-reviewed articles. Kindly click on ORDER NOW to receive an A++ paper from our masters- and PhD writers.

Get a 15% discount on your order using the following coupon code SAVE15


Order a Similar Paper Order a Different Paper