Question
Wales Ltd. reports the following: Net income: $20,000 Increase in accounts receivable: $15,000 Decrease in inventory: $12,000 Increase in land: $150,000 Increase in accounts payable:
Wales Ltd. reports the following:
Net income: $20,000
Increase in accounts receivable: $15,000
Decrease in inventory: $12,000
Increase in land: $150,000
Increase in accounts payable: $14,000
Decrease in 5-year bank loan: $35,000
Increase in common shares: $48,000
What is the cash provided (used) by financing activities?
Question 2 options:
|
| $(106,000) |
|
| $(137,000) |
|
| $27,000 |
|
| $13,000 |
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
