The amount to be shown on the cash flow statement as net cash provided by financing activities would total what amount?

Question

Quizplus · Accepted Answer

Net cash provided by financing activities is calculated by subtracting the cash payments for dividends ($150,000) and the cash payments for the retirement of bonds ($900,000) from the cash received from the issuance of long-term debt ($2,475,000). This gives us a total of $1,425,000.

The Amount to Be Shown on the Cash Flow Statement