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cash received from long-term notes payable $ 67,000 purchase of investments 16,900 cash dividends paid 54,200 interest paid 27,100 compute cash flows from financing activities using the above company information. (amounts to be deducted should be indicated by a minus sign.)

Respuesta :

cash dividends paid that should be recorded in the financing section of the statement of cash flow is $ 148300

With regards to the above, information, the amount of cash dividends paid that should be recorded is computed as;

= Cash dividends payable at the beginning of the year + Cash dividends declared for the year - Cash dividends payable at the end of the year

= $27,100 + $67,000 - $54,200

= $ 148 300

Therefore, cash dividends paid that should be recorded in the financing section of the statement of cash flow is $ 148300

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