Author Question: During the current year, Jamison Manufacturing had net income of $15,000 and paid dividends of ... (Read 48 times)

kmcolvin · **on:** Feb 5, 2023

Question 1

During the current year, Maddox Industries sold a delivery truck with a book value of $5,000 for $15,000, declared and paid cash dividends of $6,000 and borrowed $40,000 from First National Bank. Maddox's net cash flows provided by financing activities is
◦ $44,000.
◦ $34,000.
◦ $46,000.
◦ $15,000.

Question 2

During the current year, Jamison Manufacturing had net income of $15,000 and paid dividends of $8,000. Jamison also borrowed $50,000 on January 1 and repaid $5,000 of the note during the year. Jamison's net cash flows provided by financing activities is
◦ $37,000.
◦ $65,000.
◦ $50,000.
◦ $42,000.

kuttz · **Reply #1 on:** Feb 5, 2023

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