Refer to the information for Cornett Company above. What amount should Cornett report on its statement of cash flows as net cash flows from financing activities?
a. $65,200 c. $100,000
b. $94,800 d. None of these
Introduction:
Income from financing activities is a segment of an organization’s income proclamation, which demonstrates the net streams of money that are used to fund the organization. Financing activities incorporate exchanges including debt, equity, and dividends.
To choose:
What amount should Cornett report on its statement of cash flow as net cash flow by Financial activities?
Explanation for correct answers:
Option (c) Cash flow form financial activities
Particular | Amount ($) |
Cash received from the issuance of com... |
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