Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

indigo corporation is preparing its statement of cash flows for indigo corporation is preparing its statement of cash flows for need more help! indigo corporation

indigo corporation is preparing its statement of cash flows for indigo corporation is preparing its statement of cash flows for need more help! indigo corporation is preparing its statement of cash flows for the year ended december 31 using the indirect method and has developed the following data:

increase in deferred tax liabilities .......... 23,000

decrease in accounts payable ............ (58,000)

increase in accrued interest payable .......... 43,000

interest paid ................... 31,000

proceeds from issuance of long-term debt ..... 600,000

increase in capital lease payable .......... 67,000

payments on long-term debt ...........(49,000)

purchase of bonds payable ........... 90,000

based on the information developed above, indigo would report net cash provided from financing activities of:

a. 551,000 b. 587,000 c. 618,000 d. 677,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing And Assurance A Case Studies Approach

Authors: LexisNexis

7th Edition

0409343943, 978-0409343946

More Books

Students also viewed these Accounting questions