Tree Top Company's comparative balance sheets as of December 31, 20-A and 20-B show the following with regard to investing and financing activities:
Net income for the year 20-B was $98,000, and cash dividends of $25,000 were declared and paid. Determine the amount of cash received and paid for financing and investing activities and the cash flows as they would appear on Tree Top Company's statement of cash flows for the year ended December 31, 20-B.

Question

Tree Top Company's comparative balance sheets as of December 31, 20-A and 20-B show the following with regard to investing and financing activities:  ​
Net income for the year 20-B was $98,000, and cash dividends of $25,000 were declared and paid. Determine the amount of cash received and paid for financing and investing activities and the cash flows as they would appear on Tree Top Company's statement of cash flows for the year ended December 31, 20-B.

Quizplus · Accepted Answer

The Answer of Tree Top Company's comparative balance sheets as of December 31, 20-A and 20-B show the following with regard to investing and financing activities:  ​
Net income for the year 20-B was $98,000, and cash dividends of $25,000 were declared and paid. Determine the amount of cash received and paid for financing and investing activities and the cash flows as they would appear on Tree Top Company's statement of cash flows for the year ended December 31, 20-B.

Tree Top Company's Comparative Balance Sheets as of December 31