Question
Consider the following information. Increase in accounts payable: $43,000. Beginning cash: $250,000 Increase in paid capital: $20,000. Operating income: $219,000 Income taxes: $45,000 Increase in
Consider the following information.
Increase in accounts payable: $43,000.
Beginning cash: $250,000
Increase in paid capital: $20,000.
Operating income: $219,000
Income taxes: $45,000
Increase in long-term debt: $53,000.
Increase in par common stock: $5,000.
Increase in gross fixed assets: $54,000.
Depreciation expense: $17,000
Dividends: $29,000
Increase in Inventories: $7,000
Increase in accounts receivable: $69,000.
Increase in short-term notes payables: $15,000.
Interest expense $45,000.
Find the net cash from financing.
A. | $56,176 | |
B. | $64,000 | |
C. | $75,820 | |
D. | $87,460 | |
E. | None of the above |
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