2019 2020 2019 2020 Cash $2,000 $1,600 Accounts payable $4,000 $3,500 Accounts receivable $4,200 $4,500 Utilities payable $800 $1,500 Inventory $2,600 $4,000 Salaries payable $2,200 $2,600 Prepaid rent $800 $500 Notes payable $10,000 $9,000 Equipment $16,000 $16,000 Interest payable $600 $900 Accum. depreciation ($2,200) ($2,800) Common stock $10,000 $10,000 Land $10,000 $6.500 Retained earnings $5,800 $2,800 $33,400 $30,300 $33,400 $30,300 Given the above information, how much were financing cash flows if net income during 2020 was $33,000? O ($36,000) ($37,000) ($1,000) O ($35,000) None of the above
2019 2020 2019 2020 Cash $2,000 $1,600 Accounts payable $4,000 $3,500 Accounts receivable $4,200 $4,500 Utilities payable $800 $1,500 Inventory $2,600 $4,000 Salaries payable $2,200 $2,600 Prepaid rent $800 $500 Notes payable $10,000 $9,000 Equipment $16,000 $16,000 Interest payable $600 $900 Accum. depreciation ($2,200) ($2,800) Common stock $10,000 $10,000 Land $10,000 $6.500 Retained earnings $5,800 $2,800 $33,400 $30,300 $33,400 $30,300 Given the above information, how much were financing cash flows if net income during 2020 was $33,000? O ($36,000) ($37,000) ($1,000) O ($35,000) None of the above
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:2019
2020
2019
2020
Cash
$2,000
$1,600
Accounts payable
$4,000
$3,500
Accounts receivable
$4,200
$4,500
Utilities payable
$800
$1,500
Inventory
$2,600
$4,000
Salaries payable
$2,200
$2,600
Prepaid rent
$800
$500
Notes payable
$10,000
$9,000
Equipment
$16,000 $16,000
Interest payable
$600
$900
Accum. depreciation
($2,200) ($2,800)
Common stock
$10,000
$10,000
Land
$10,000
$6,500
Retained earnings
$5,800
$2,800
$33,400 $30,300
$33,400
$30,300
Given the above information, how much were financing cash flows if net income during 2020 was
$33,000?
O ($36,000)
($37,000)
O ($1,000)
($35,000)
O None of the above
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