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Hoola Hoops is preparing a Cash Flow Statement for the fiscal year ended September 30, 2020. Which of the following transactions affects actual cash flows?
Hoola Hoops is preparing a Cash Flow Statement for the fiscal year ended September 30, 2020. Which of the following transactions affects actual cash flows? Multiple Choice Accrual of interest receivable Issuance of a stock dividend O Recognition of depreciation expense O Payment of dividends declared in a previous year O Jungle Gym Playgrounds produces swings and slides for public parks. Information from the general ledger and additional information for Jungle Gym for the year is as follows Net income $ 18,400 Obtain loan from the bank 9,200 Depreciation expense 3,600 Purchase equipment 11,800 Increase in accounts receivable 7,800 Pay dividends 4.400 Increase in salaries payable 3,400 Sale of land 7,000 What are the Net cash inflows (outflows) for Jungle Gym reported in the financing activities section of the Cash Flow Statement? $(15,200). $11,800. (3,800). ($4,800). Bravo Company prepared a Cash Flow Statement that included the following information. Cash from operating activities was $39,000, cash used for investing activities was ($59,000) and the net change in cash was $70,000, Based on this information what was cash from/used for financing activities? Multiple Choice ($129,000) $39,000 $90,000 $70,000
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