Question
The following information pertains to Delaware Company: Net Income... $65,000 Depreciation Expense... $7,000 Payment of Dividends... $4,000 Increase in Accounts Receivable... $2,000 Collection of Long-Term
The following information pertains to Delaware Company:
Net Income... $65,000
Depreciation Expense... $7,000
Payment of Dividends... $4,000
Increase in Accounts Receivable... $2,000
Collection of Long-Term Notes Receivable... $13,000
Loss on Sale of Land... $17,000
Increase in Accounts Payable... $11,000
Acquisition of Equipment with Cash... $22,000
Sale of Treasury Stock... $1,000
Payment of Long-Term Debt... $18,000
Proceeds from Sale of Land... $40,000
Decrease in Inventories... $5,000
Net Cash provided by (used for) financing activities would be:
A. $4,000
B. $(21,000)
C. $121,000
D. $(3000)
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Advanced Principles Of Auditing
Authors: Hugo Romero
1st Edition
1632409372, 978-1632409379
