Answered step by step
Verified Expert Solution
Link Copied!

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

image text in transcribed

+ 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

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Changing Geography Of Banking And Finance

Authors: Pietro Alessandrini ,Michele Fratianni ,Alberto Zazzaro

1st Edition

1441947205, 978-1441947208

More Books

Students also viewed these Finance questions

Question

What are the pros and cons when 2 major restaurant chains merge?

Answered: 1 week ago