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During the year, Next Tec Corp. had the following cash flows: receipt from customers, $15,000; receipt from the bank for long-term borrowing, $7,300; payment to
During the year, Next Tec Corp. had the following cash flows: receipt from customers, $15,000; receipt from the bank for long-term borrowing, $7,300; payment to suppliers, $5,100; payment of dividends, $1,200, payment to workers, $2,300; and payment for machinery, $9,000. What amount would be reported for financing cash flows on the Statement of Cash Flows? |
$5,100$7,300$6,100($9,000)
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