The Following Information Is Available for Redcands Company Instructions
Based on the Preceding Information Compute the Net Cash

question 49

Essay

The following information is available for Redcands Company: $\begin{array}{lr}\text { Receipts from customers } & \$ 215,000 \\\text { Dividends from stock investments } & 3,000 \\\text { Proceeds from sale of equipment } & 18,000 \\\text { Proceeds from issuance of stock } & 90,000 \\\text { Payments for inventory } & 100,000 \\\text { Payments for operating expenses } & 78,000 \\\text { Interest paid } & 6,000 \\\text { Taxes paid } & 4,000 \\\text { Dividends paid } & 20,000\end{array}$ Instructions
Based on the preceding information compute the net cash provided by operating activities.

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Definitions:

Treasury

Refers to the government department responsible for managing the revenue, spending, and overall financial policies of a country. It can also refer to the corporate division dealing with financial and liquidity management in a company.

Voting Rights

The rights of shareholders to vote on corporate matters, such as electing the board of directors or approving corporate policies.

Dividends Per Share

The amount of dividends that are paid out per share of a company's stock.