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%3; 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

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%3; 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

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter6: Statement Of Cash Flows

Section: Chapter Questions

Problem 23E

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Duning the year, Next Tec Corp. had the following cash flows receipt trom customers, $21,000, receipt from the bank for long term borrowing. $6,200, payment to supplers, $5,200, payment of dividends, $1700, payment to workers, $3.000, and payment for machenery $9,000. What amount would be reported for net financing cash flows in the statement of cash fows? Mutiple Choice S4500 $6 200 (19,000 SA000 20 s0 ype here to search Ps 40% S/1/20 K N Alt Ctri Home oOOo
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