Assume that a company repays a $300,000 loan from its bank and then later in the same
Question:
Assume that a company repays a $300,000 loan from its bank and then later in the same year borrows $500,000. What amount(s) would appear on the statement of cash flows?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 55% (9 reviews)
The repayment of 300000 and the borrowing of 500...View the full answer
Answered By
Charles mwangi
I am a postgraduate in chemistry (Industrial chemistry with management),with writing experience for more than 3 years.I have specialized in content development,questions,term papers and assignments.Majoring in chemistry,information science,management,human resource management,accounting,business law,marketing,psychology,excl expert ,education and engineering.I have tutored in other different platforms where my DNA includes three key aspects i.e,quality papers,timely and free from any academic malpractices.I frequently engage clients in each and every step to ensure quality service delivery.This is to ensure sustainability of the tutoring aspects as well as the credibility of the platform.
4.30+
2+ Reviews
10+ Question Solved
Related Book For
Managerial Accounting
ISBN: 9781260247787
17th Edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
Question Posted:
Students also viewed these Business questions
-
The following items should appear on a statement of cash flows for Gordon Company for its fiscal year ending on March 31, 2012. Organize these items into a formal statement of cash flows, and then...
-
Shown below is selected information from the financial records of Merris Corporation as of December 31, 2019: Inventory $165,000 Cash purchase of equipment $29,000 Cash collected fram customers...
-
A companys statement of cash flows shows its cash inflows, cash outflows, and net change in cash from the operating, investing, and financing activities during an accounting period. Required Prepare...
-
Match each of the key terms with the definition that best fits it. ________ The process of ensuring that only authorized changes are made to a system. Here are the key terms from the chapter. The...
-
The vacuum pressure of a condenser is given to be 80 kPa. If the atmospheric pressure is 98 kPa, what is the gage pressure and absolute pressure in kPa, kN/m2, lbf/in2, psi, and mmHg.
-
BOARD # 2; DETERMINE IF MONETARY OR NONMONETARY: A) CASH B) COMPUTER C) A/P D) WAGES PAYABLE E) UNEARNED REVENUE F) AIR G) BUILDING H) TABLE 1 BOND PAYABLE J) GOODS ON THE SHELF
-
Which of the following is not a selling overhead? (a) Royalty on sales (b) Distribution of samples (c) Legal cost for debt realization (d) Insurance to cover sold goods while in transit
-
Paula Boothe, president of the Armange Corporation, has mandated a minimum 10% return on investment for any project undertaken by the company. Given the company's decentralization, Paula leaves all...
-
Farha Co purchases a machine for $10,300, terms 1/10, 1/60, FOB shipping point. The seller prepaid the $233 freight charges, adding the amount to the invoice and bringing its total to $10,533. The...
-
Car B is rounding the curve with a constant speed of 54 km/h, and car A is approaching car B in the intersection with a constant speed of 72 km/ h. Determine the velocity which car A appears to have...
-
Comparative financial statement data for Carmono Company follow: For this year, the company reported net income as follows: Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ....
-
Comparative financial statements for Weaver Company follow: Weaver Company Income Statement For This Year Ended December 31 During this year, Weaver sold some equipment for $20 that had cost $40 and...
-
The Seitz Corporation, a QS 9000 certified organization based in Torrington,Connecticut, is a leading designer and manufacturer of thermoplastic motion control systems and components and an industry...
-
Alec is an employee who drives a 2021 Ford C-Max with a fair-market value of $32,000. He has been given the choice to have the fringe benefit reported on his W-2 either using the lease-value rule or...
-
What resource do most thinking and learning technologies rely on to be effective? a) data b) images c) gas d) robots
-
Financial Reporting Problem Marks and Spencer plc (M&S) The financial statements of M&S (GBR) are presented in Appendix A. The companys complete annual report, including the notes to the...
-
Totally Chemical is considering an investment decision project in which the organization expands into the trucking business. Totally Chemical wants to begin this investment decision project by buying...
-
Presented below is the balance sheet of Sandhill Corporation as of December 31, 2017. SANDHILL CORPORATION BALANCE SHEET DECEMBER 31, 2017 Goodwill (Note 2) Buildings (Note 1) Inventory Land Accounts...
-
In Problem, perform the indicated operations and simplify. 8 16 4 12 3 3x 6
-
The outer loop controls the number of students. Note that the inner loop of this program is always executed exactly three times, once for each day of the long weekend. Modify the code so that the...
-
Worley Company buys surgical supplies from a variety of manufacturers and then resells and delivers these supplies to hundreds of hospitals. Worley sets its prices for all hospitals by marking up its...
-
The budgeted unit sales of Weller Company for the upcoming fiscal year are provided below: The companys variable selling and administrative expense per unit is $ 2.50. Fixed selling and...
-
Beech Corporation is a merchandising company that is preparing a master budget for the third quarter of the calendar year. The companys balance sheet as of June 30th is shown below: Beechs managers...
-
Ventaz Corp manufactures small windows for back yard sheds. Historically, its demand has ranged from 30 to 50 windows per day with an average of 4646. Alex is one of the production workers and he...
-
Which of the following statements is not true regarding the $500 credit for dependent other than a qualifying child credit. Cannot be claimed on the same tax return if the child tax credit is also...
-
Grind Co. is considering replacing an existing machine. The new machine is expected to reduce labor costs by $127,000 per year for 5 years. Depreciation on the new machine is $57,000 compared with...
Study smarter with the SolutionInn App