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My answer is partially correct, the only thing that's wrong is Adjustments to reconcile net income to: Cash Flows from Operating Activities is the third
My answer is partially correct, the only thing that's wrong is "Adjustments to reconcile net income to: Cash Flows from Operating Activities" is the third concept to choose, on the 3rd image, what's the right answer?
CraneCompany runs a retail company and recently completed its third year of operations. The balance sheet and income statement follow: Question 1 of 1 9.72/10 Increase in Income Taxes Payable 3,120 Net Cash Provided by Operating Activities Cash Flows from Investing Activities Purchase of Equipment 23,920 Cash Flows from Financing Activities Payment on Long-term Note Payable Issuance of Stock 16,640 As Payment of Dividends 10,400 Net Cash used by Financing Activities \begin{tabular}{r} \hline \\ \hline \\ \hline \\ \hline \\ \hline 5,304 \\ \hline 50,424 \\ \hline$45,120 \\ \hline \end{tabular} Net Decrease in Cash Cash at Beginning of Year 16,640 23,920 Cash at End of Year \begin{tabular}{r} \hline16,640 \\ \hline 10,400 \\ \hline16,640 \\ \hline \end{tabular} Question 1 of 1 9.72/10 ! Question 1 of 1 Additional Information on Year 2014 Transactions 1. Purchased equipment by signing a long-term note for $8,320 and paying cash for the balance. 2. Paid cash as a payment on the long-term notes payable. 3. Issued 104 shares of common stock for cash. 4. Declared and paid cash dividends of $16,640Step by Step Solution
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