Question
During the year, Zurin Co. purchased $10,000 common shares for treasury, made operating lease payments of $5,000, sold $15,000 in stock warrants, and paid interest
During the year, Zurin Co. purchased $10,000 common shares for treasury, made operating lease payments of $5,000, sold $15,000 in stock warrants, and paid interest of $3,000.
To calculate cash flow from financing activities:
| Common stock purchase | [ Select ] ["Ignore", "+$10,000", "($10,000)"] |
| Operating lease payments | [ Select ] ["+$5,000", "Ignore", "($5,000)"] |
| Stock warrants issued | [ Select ] ["Ignore", "($15,000)", "+$15,000"] |
| Interest paid | [ Select ] ["Ignore", "($3,000)", "+$3,000"] |
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Managerial Accounting
Authors: Karen Wilken Braun, Wendy Tietz, Walter Harrison, Rhonda Pyp
1st Canadian Edition
978-0132490252, 132490250, 978-0176223311
