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
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, $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 Choice
ellock
$10.000)
$7.200
$7300
$6.200
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Transcribed Image Text:Bad Brad's BBQ had cash flows for the year as follows ($ In millions):
11
CASH RECEIVED FROM:
Customers
$2,900
Interest on investments
220
eBook
Sale of land
160
Sale of common stock
600
Issuance of debt securities
2,400
CASH PAID FOR:
Interest on debt
$ 330
Income tax
170
Debt principal reduction
Purchase of equipment
Purchase of inventory
Dividends on common stock
1,700
4, 200
750
230
Operating expenses
750
Bad 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.
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