To find the net cash provided (used) by financing activities, we need to reflect on the financing transactions mentioned in the T-account. Financing activities include transactions involving long-term liabilities and equity. For Bramble Company, we focus on:
1. Proceeds from the issuance of bonds payable
2. Dividends paid
Based on the provided T-account, here are the detailed steps to calculate the net cash provided (used) by financing activities:
1. Proceeds from issuance of bonds payable: This is a cash inflow from financing activities.
- Amount: \[tex]$500,100
2. Dividends paid: This is a cash outflow from financing activities.
- Amount: \$[/tex]59,800
Now, we need to calculate the net cash provided (used) by financing activities by adding the proceeds from bonds payable and subtracting the dividends paid:
[tex]\[ \text{Net cash provided (used) by financing activities} = \$500,100 + (- \$59,800) \][/tex]
[tex]\[ \text{Net cash provided (used) by financing activities} = \$500,100 - \$59,800 \][/tex]
[tex]\[ \text{Net cash provided (used) by financing activities} = \$440,300 \][/tex]
Therefore, the net cash provided by financing activities is \[tex]$440,300.
So, the final statement would be:
Net cash provided by financing activities \$[/tex]440,300.
