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The following balance sheets apply to American Airlines at year-end December 31, 2023: Assets 2023 2022 Cash & Cash Equivalents $1,440 $960 Accounts Receivable 530 Inventory Land Equipment Accumulated Depreciation Total Assets 480 1,460 890 980 600 5,520 4,970 (960) (740) $8,920 $7,210 Liabilities & Stockholders' Equity Accounts Payable Long-Term Borrowings Common Stock Retained Earnings Total Liabilities & Stockholders' Equity $8,920 a. $(450) b. $(210) c. $0 d. $(1,170) e. $(720) $1,200 $1,920 1,720 2,170 2,400 1,440 3,600 1,680 $7,210 Additional Information: • Net Income for 2023 was $2,640. . During 2023, the Company sold Equipment for $890, that originally cost $890 and had a book value of $720. • The Company sold Land for $480, resulting in a Loss of $100. The remaining Land change was due to the acquisition of Land for Common Stock. Using the indirect method, calculate Total Cash Flow from Financing for December 31, 2023? Select one:

The following balance sheets apply to American Airlines at year-end December 31, 2023: Assets 2023 2022 Cash & Cash Equivalents $1,440 $960 Accounts Receivable 530 Inventory Land Equipment Accumulated Depreciation Total Assets 480 1,460 890 980 600 5,520 4,970 (960) (740) $8,920 $7,210 Liabilities & Stockholders' Equity Accounts Payable Long-Term Borrowings Common Stock Retained Earnings Total Liabilities & Stockholders' Equity $8,920 a. $(450) b. $(210) c. $0 d. $(1,170) e. $(720) $1,200 $1,920 1,720 2,170 2,400 1,440 3,600 1,680 $7,210 Additional Information: • Net Income for 2023 was $2,640. . During 2023, the Company sold Equipment for $890, that originally cost $890 and had a book value of $720. • The Company sold Land for $480, resulting in a Loss of $100. The remaining Land change was due to the acquisition of Land for Common Stock. Using the indirect method, calculate Total Cash Flow from Financing for December 31, 2023? Select one:

FINANCIAL ACCOUNTING
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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The following balance sheets apply to American Airlines at year-end December 31, 2023: Assets 2023 2022 Cash & Cash Equivalents $1,440 $960 Accounts Receivable 530 Inventory Land Equipment Accumulated Depreciation Total Assets 480 1,460 890 980 600 5,520 4,970 (960) (740) $8,920 $7,210 Liabilities & Stockholders' Equity Accounts Payable Long-Term Borrowings Common Stock Retained Earnings Total Liabilities & Stockholders' Equity $8,920 a. $(450) b. $(210) c. $0 d. $(1,170) e. $(720) $1,200 $1,920 1,720 2,170 2,400 1,440. 3,600 1,680 $7,210 Additional Information: • Net Income for 2023 was $2,640. • During 2023, the Company sold Equipment for $890, that originally cost $890 and had a book value of $720. • The Company sold Land for $480, resulting in a Loss of $100. The remaining Land change was due to the acquisition of Land for Common Stock. Using the indirect method, calculate Total Cash Flow from Financing for December 31, 2023? Select one:
Transcribed Image Text:The following balance sheets apply to American Airlines at year-end December 31, 2023: Assets 2023 2022 Cash & Cash Equivalents $1,440 $960 Accounts Receivable 530 Inventory Land Equipment Accumulated Depreciation Total Assets 480 1,460 890 980 600 5,520 4,970 (960) (740) $8,920 $7,210 Liabilities & Stockholders' Equity Accounts Payable Long-Term Borrowings Common Stock Retained Earnings Total Liabilities & Stockholders' Equity $8,920 a. $(450) b. $(210) c. $0 d. $(1,170) e. $(720) $1,200 $1,920 1,720 2,170 2,400 1,440. 3,600 1,680 $7,210 Additional Information: • Net Income for 2023 was $2,640. • During 2023, the Company sold Equipment for $890, that originally cost $890 and had a book value of $720. • The Company sold Land for $480, resulting in a Loss of $100. The remaining Land change was due to the acquisition of Land for Common Stock. Using the indirect method, calculate Total Cash Flow from Financing for December 31, 2023? Select one:
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