You are absolutely correct!
$245,000.
| Solution: | ||||||
| NET CASH USED FOR CAPITAL AND RELATED FINANCING ACTIVITIES | ||||||
Proceeds from Revenue Bonds |
$ |
250,000 |
||||
Proceeds from the sale of equipment |
$ |
10,000 |
||||
Proceeds from Capital contributed by subdividers |
$ |
60,000 |
||||
Payments paid on Revenue Bonds |
(75,000) | |||||
| Net cash provided for capital and related financing activities | 245,000 | |||||