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Question 13 1 pot During the year, Company AA had the following changes in account balances: 1) The Accumulated Depreciation account had a beginning balance
Question 13 1 pot During the year, Company AA had the following changes in account balances: 1) The Accumulated Depreciation account had a beginning balance of $27,000 and an ending balance of $39,000. The increase was due to depreciation expense. 2) The long-term Notes Payable account had a beginning balance of $44,000 and an ending balance of $17,000. The decrease was due to repayment of debt. 3) The Accounts Receivable account had a beginning balance of $62,000 and an ending balance of $52,000. 4) The Equipment account had a beginning balance of $29,000 and an ending balance of $102,500. The increase was due to the purchase of equipment for cash. 5) The Long-Term Investments account (marketable securities) had a beginning balance of $26,000 and an ending balance of $16,500. The decrease was due to the sale of investments at cost. 6) The amount of cash dividends declared and paid during the year was $62,000. 7) The Interest Payable account had a beginning balance of $6250 and an ending balance of $5250. What is the net cash flow from financing activities? $27,000 inflow $62,000 inflow $89,000 outflow $27,000 outflow
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