Question
A company's statement of cash flows includes the following cash transactions: Sales1,250,000 Inventory Purchase-750,000 Property and Equipment Purchase-270,000 Interest Payments on Long-Term Debt-25,000 Payment of
A company's statement of cash flows includes the following cash transactions:
Sales1,250,000
Inventory Purchase-750,000
Property and Equipment Purchase-270,000
Interest Payments on Long-Term Debt-25,000
Payment of Wages-315,000
Payment of Rent-40,000
Borrowing of Long-Term Debt200,000
Payment of Cash Dividends-15,000
Repurchase of Treasury Stock-40,000
Total Cash Flows-5,000
Assuming the company uses US GAAP standards, what is the total cash flow from financing activities?
a.$175,000
b.$160,000
c.$145,000
d.$120,000
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Financial Accounting Information for Decisions
Authors: John J. Wild
9th edition
1259917045, 978-1259917042
