During 2020 a company borrowed $100,000, paid $10,000 for new equipment, repaid $25,000 in long-term debt, and paid dividends of $25,000, the overall impact on cash from financing activities would be: Select one: a. increase to cash of $50,000 b. decrease to cash of $150,000 c. decrease to cash of $60,000 d. increase to cash of $40,000

During 2020 a company borrowed $100,000, paid $10,000 for new equipment, repaid $25,000 in long-term debt, and paid dividends of $25,000, the overall impact on cash from financing activities would be: Select one: a. increase to cash of $50,000 b. decrease to cash of $150,000 c. decrease to cash of $60,000 d. increase to cash of $40,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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