Ch 11 Quz OSavedHelpSave12During the year, Next Tec Corp. had the following cash flows receipt from customers, $20,000, receipt from tthe bank for long-term borrowing, $7300, payment to suppters, $5700, payment of dividends, $1J00, payment to workers, $2400, and payment for machinery.$10,000. What amount would be reported for net financing cash flows in the statement of cash tows?Mutiple Choiceellock$10.000)$7.200$7300$6.200Mc( Prer12 of 25Ne>P Type here to searchPsPs11100% A dx O E aO4/1PrtScInsertDeleteF10FITFIR%233&NumLockBackspace6789-RT.YUP7HomeDFJKL4EnterVM?Shift+ PgupAltAltCtrlHome* PgDnEndO o o Bad Brad's BBQ had cash flows for the year as follows ($ In millions):11CASH RECEIVED FROM:Customers$2,900Interest on investments220eBookSale of land160Sale of common stock600Issuance of debt securities2,400CASH PAID FOR:Interest on debt$ 330Income tax170Debt principal reductionPurchase of equipmentPurchase of inventoryDividends on common stock1,7004, 200750230Operating expenses750Bad Brad's would report net cash Inflows (outflows) from financing activitles In the amount of:Multiple Choice$1,230.$(1.230).$1,520.O $1,070.McGrawHillType here to search99

The financing activity in the cash flow statement focuses on how a firm raises capital and pays it…

During the year, Next Tec Corp had the followng cash flows receipt from customers, $20,000, receipt from the bank for long term borrowing, $7300, payment to suppiters, $5,700, payment of dividends, $1100, payment to workers, $2400, and payment for machinen $10,000 What amount would be reported for net financing cash flows in the statement of cash tows? Mutiple Choice ($10.000) $7.200 $7300 $6.200

During the year, Next Tec Corp had the followng cash flows receipt from customers, $20,000, receipt from the bank for long term borrowing, $7300, payment to suppiters, $5,700, payment of dividends, $1100, payment to workers, $2400, and payment for machinen $10,000 What amount would be reported for net financing cash flows in the statement of cash tows? Mutiple Choice ($10.000) $7.200 $7300 $6.200

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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During the year, Next Tec Corp. had the following cash flows: receipt from customers, $16,000; receipt from the bank for long-term borrowing, $6,500; payment to suppliers, $6,000; payment of dividends; $1,600, payment to workers, $2,600; and payment for machinery, $10,500. What amount would be reported for net financing cash flows in the statement of cash flows? Multiple Choice $4,900 ($10,500) $6,500 $5,400
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