Question
During 2012, Smithson Corp. had the following cash flows: receipt from customers, $11,000; receipt from the bank for long-term borrowing, $6,400; payment to suppliers, $5,600;
During 2012, Smithson Corp. had the following cash flows: receipt from customers, $11,000; receipt from the bank for long-term borrowing, $6,400; payment to suppliers, $5,600; payment of dividends, $1,300, payment to workers, $2,800; and payment for machinery, $11,500. What amount would be reported for financing cash flows on the Statement of Cash Flows?
$5,100
$6,400
($11,500)
$6,100
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Auditing Cases An Interactive Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
4th Edition
0132423502, 978-0132423502
