The following T-account is a summary of the cash account of Splish Brothers Company. Cash (Summary Form)
Balance, Jan. 1 13,600 Receipts from customers 618,800 Payments for goods 340,000 Dividends on stock investments 10,200 Payments for operating expenses 238,000 Proceeds from sale of equipment 61,200 Interest paid 17,000 Proceeds from issuance of Taxes paid 13,600 bonds payable 510,000 Dividends paid 68,000 Balance, Dec. 31 537,200
What amount of net cash provided (used) by financing activities should be reported in the statement of cash flows? with either a-sign e. g. -15,000 or in parenthesis e. g (15,000).)
Net cash by financing activities $

Paar corporation bought 100 percent of kimmel, inc., on january 1, 2012. on that date, paar’s equipment (10-year life) has a book value of $420,000 but a fair value of $520,000. kimmel has equipment (10-year life) with a book value of $272,000 but a fair value of $400,000. paar uses the equity method to record its investment in kimmel. on december 31, 2014, paar has equipment with a book value of $294,000 but a fair value of $445,200. kimmel has equipment with a book value of $190,400 but a fair value of $357,000. the consolidated balance for the equipment account as of december 31, 2014 is $574,000. what would be the impact on consolidated balance for the equipment account as of december 31, 2014 if the parent had applied the initial value method rather than the equity method? the balance in the consolidated equipment account cannot be determined for the initial value method using the information given. the consolidated equipment account would have a higher reported balance. the consolidated equipment account would have a lower reported balance. no effect: the method the parent uses is for internal reporting purposes only and has no impact on consolidated totals.