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During Year 1, El Paso Company had the following changes in account balances The Accumulated Depreciation account had a beginning balance of $87,500 and an
During Year 1, El Paso Company had the following changes in account balances The Accumulated Depreciation account had a beginning balance of $87,500 and an ending balance of $122,500. The increase was due to depreciation expense The Long-Term Notes Payable account had a beginning balance of $140,000 and an ending balance of $75,000. The decrease was due to repayment of debt. The Equipment Account had a beginning balance of $125,000 and an ending balance of $327,500. The increase was due to the purchase of other operational assets The Long-Term Investments Account (Marketable Securities) had a beginning balance of $90,000 and an ending balance of $62,500. The decrease was due to the sale of investments at cost. The Dividends Payable account had a beginning balance of $60,000 and an ending balance of $50,000. There were $100,000 of dividends declared during the period The Interest Payable account had a beginning balance of $11,250 and an ending balance of $6250. The difference was due to the payment of interest What is the net cash flow from financing activities? $65,000 inflow $110,000 inflow $175,000 outflow $65,000 outflow
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