Question

Blossom Enterprises engaged in the following activities during the year: • Borrowed $50,200 from South World...

Blossom Enterprises engaged in the following activities during the year:

• Borrowed $50,200 from South World Bank
• Declared and paid dividends on common stock of $13,300
• Declared preferred stock dividends of $10,700
• Repaid the $50,200 loan from South World Bank
• Borrowed $118,300 from City Financial Group


Prepare the cash flows provided by financing activities section of Blossom Enterprises’ statement of cash flows. (Show amounts that decrease cash flow with either a - sign, e.g. -15,000 or in parentheses, e.g. (15,000).)

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The cash flows provided by financing activities section of Blossom Enterprises’ statement of cash flows:

Particulars Amount
Borrowed from South World Bank $50200
paid dividends on common stock ($13300)
Repaid the loan from South World Bank ($50200)
Borrowed from City Financial Group $118300
Cash flow from financing activities $105000

Declared preferred stock dividends of $10,700 Is not cash activities. Hence not include in cas flow

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