Answered step by step
Verified Expert Solution
Question
1 Approved Answer
+ wowpowolipyibbonda/ume.com 18. Avatar Company uses the Indirect method to prepare its statement of cash Mows. Please refer to the following sections of the comparative
+ wowpowolipyibbonda/ume.com 18. Avatar Company uses the Indirect method to prepare its statement of cash Mows. Please refer to the following sections of the comparative balance sheet provided below. Calculate the net Cash flow from financing activities amount. Accounts payable Accrued liabilities Long-term notes payable Total liabilities 2014 2013 $ 4,000 56,000 2,000 1,000 34,000 90.000 $ 90,000 S 97,000 Common stock Retained earnings Treasury stock Total equity 30.000 2,000 113.000 74,000 (8,000) 5.000) 5135.000 71.000 Total linbilities and equity $225,000 $168.000 Additional information: No stock was retired Ne treasury stock was sold During 2014, the company repaid $40.000 of long-term notes payable During 2014, the company borrowed 534,000 on a new note payable. Net income for the year wal $49.000 37000 10.000 10000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started