Question
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
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