Question
The following information is available from the financial statements of Tau Company: Short-term borrowings: $2.90 million Long-term borrowings: $6.84 million Repayments of long-term borrowings: $3.70
The following information is available from the financial statements of Tau Company:
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Short-term borrowings: $2.90 million
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Long-term borrowings: $6.84 million
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Repayments of long-term borrowings: $3.70 million
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Interest payments: $780,400
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Purchase of treasury shares: $0.90 million
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Cash dividends declared: $2.10 million
What amount should Tau Company report as Cash Flows from Financing Activities in the Statement of Cash Flows?
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Auditing With The Computer
Authors: Wayne S. Boutell
1st Edition
0520363329, 978-0520363328
