Question
During 2012, Smithson Corp. had the following cash flows: receipt from customers, $16,000; receipt from the bank for long-term borrowing, $7,400; payment to suppliers, $5,900;
| During 2012, Smithson Corp. had the following cash flows: receipt from customers, $16,000; receipt from the bank for long-term borrowing, $7,400; payment to suppliers, $5,900; payment of dividends, $1,400, payment to workers, $2,100; and payment for machinery, $11,500. What amount would be reported for financing cash flows on the Statement of Cash Flows? $7,400 $6,000 ($11,500) $5,500 |
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Auditing and Assurance Services
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
6th edition
978-1259197109, 77632281, 77862341, 1259197107, 9780077632281, 978-0077862343
