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During the year, Next Tec Corp had the followng cash flows receipt from customers, $20,000, receipt from the bank for long term borrowing, $7300, payment to suppiters, $5,700, payment of dividends, $1100, payment to workers, $2400, and payment for machinen $10,000 What amount would be reported for net financing cash flows in the statement of cash tows? Mutiple Choice ($10.000) $7.200 $7300 $6.200

During the year, Next Tec Corp had the followng cash flows receipt from customers, $20,000, receipt from the bank for long term borrowing, $7300, payment to suppiters, $5,700, payment of dividends, $1100, payment to workers, $2400, and payment for machinen $10,000 What amount would be reported for net financing cash flows in the statement of cash tows? Mutiple Choice ($10.000) $7.200 $7300 $6.200

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter14: Statement Of Cash Flows
Section: Chapter Questions
Problem 38E: Tidwell Company experienced the following during 20X1: a. Sold preferred stock for 480,000. b....
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Ch 11 Quz O Saved Help Save 12 During the year, Next Tec Corp. had the following cash flows receipt from customers, $20,000, receipt from tthe bank for long-term borrowing, $7300, payment to suppters, $5700, payment of dividends, $1J00, payment to workers, $2400, and payment for machinery. $10,000. What amount would be reported for net financing cash flows in the statement of cash tows? Mutiple Choice ellock $10.000) $7.200 $7300 $6.200 Mc ( Prer 12 of 25 Ne> P Type here to search Ps Ps 11 100% A dx O E aO 4/1 PrtSc Insert Delete F10 FIT FIR %23 3 & Num Lock Backspace 6 7 8 9 - R T. Y U P 7 Home D F J K L 4 Enter V M ? Shift + Pgup Alt Alt Ctrl Home * PgDn End O o o
Transcribed Image Text:Ch 11 Quz O Saved Help Save 12 During the year, Next Tec Corp. had the following cash flows receipt from customers, $20,000, receipt from tthe bank for long-term borrowing, $7300, payment to suppters, $5700, payment of dividends, $1J00, payment to workers, $2400, and payment for machinery. $10,000. What amount would be reported for net financing cash flows in the statement of cash tows? Mutiple Choice ellock $10.000) $7.200 $7300 $6.200 Mc ( Prer 12 of 25 Ne> P Type here to search Ps Ps 11 100% A dx O E aO 4/1 PrtSc Insert Delete F10 FIT FIR %23 3 & Num Lock Backspace 6 7 8 9 - R T. Y U P 7 Home D F J K L 4 Enter V M ? Shift + Pgup Alt Alt Ctrl Home * PgDn End O o o
Bad Brad's BBQ had cash flows for the year as follows ($ In millions): 11 CASH RECEIVED FROM: Customers $2,900 Interest on investments 220 eBook Sale of land 160 Sale of common stock 600 Issuance of debt securities 2,400 CASH PAID FOR: Interest on debt $ 330 Income tax 170 Debt principal reduction Purchase of equipment Purchase of inventory Dividends on common stock 1,700 4, 200 750 230 Operating expenses 750 Bad Brad's would report net cash Inflows (outflows) from financing activitles In the amount of: Multiple Choice $1,230. $(1.230). $1,520. O $1,070. Mc Graw Hill Type here to search 99
Transcribed Image Text:Bad Brad's BBQ had cash flows for the year as follows ($ In millions): 11 CASH RECEIVED FROM: Customers $2,900 Interest on investments 220 eBook Sale of land 160 Sale of common stock 600 Issuance of debt securities 2,400 CASH PAID FOR: Interest on debt $ 330 Income tax 170 Debt principal reduction Purchase of equipment Purchase of inventory Dividends on common stock 1,700 4, 200 750 230 Operating expenses 750 Bad Brad's would report net cash Inflows (outflows) from financing activitles In the amount of: Multiple Choice $1,230. $(1.230). $1,520. O $1,070. Mc Graw Hill Type here to search 99
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