During the year, Next Tee Corp. had the following cash flows: receipt from custo
ID: 2486779 • Letter: D
Question
During the year, Next Tee Corp. had the following cash flows: receipt from customers, $10,000; receipt from the bank for long-term borrowing, $6,000; payment to suppliers, $5,000; payment of dividends, $1,000, payment to workers, $2,000; and payment for machinery, $8,000. What amount would be reported for financing cash flows on the Statement of Cash Flows? $5,000. $2,000. $6,000. ($8,000). The purchase of treasury stock is classified in the statement of cash flows as a(n): Operating activity. Investing activity. Financing activity. Noncash activity. The statement of cash flows reports cash flows from the activities of: Operating, purchasing, and investing. Borrowing, paying, and investing. Operating, investing, and financing. Using, investing, and financing.Explanation / Answer
58) cash flow from financing activity receipt from the bank for long term borrowing 6000 Less : dividends paid 1000 Net cash flow from financing activity 5000 Option A is correct 59) option C is correct purchase of treasury stock is a financing activity 60) option C is correct statement of cash flow reports cash flow from the activities of operating , investing and financing
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