Washington Company is preparing its statement of cash flows using the indirect method. Refer to the following portion of the comparative balance sheet Washington Company Comparative Balance Sheet December 31, 2025 and 2024 2025 2024 Accounts Payable Accrued Liabilities Long-term Notes Payable. Total Liabilities M $8,000 4,000 OA. $(63,000) OB. $(7,000) OC. $7,000 OD. $63,000 57,000 $69,000 $5,000 1,400 64,000 $70,400 Increase/(Decrease) Additional information provided by the company includes the following 1. During 2025, the company repaid $35,000 of long-term notes payable 2. During 2025, the company borrowed $28,000 on a new long-term note payable Based on the above information only, what amount of net cash flow would be shown in the financing section of the statement of cash flows? $3,000 2,600 (7,000) $(1,400)

Washington Company is preparing its statement of cash flows using the indirect method. Refer to the following portion of the comparative balance sheet Washington Company Comparative Balance Sheet December 31, 2025 and 2024 2025 2024 Accounts Payable Accrued Liabilities Long-term Notes Payable. Total Liabilities M $8,000 4,000 OA. $(63,000) OB. $(7,000) OC. $7,000 OD. $63,000 57,000 $69,000 $5,000 1,400 64,000 $70,400 Increase/(Decrease) Additional information provided by the company includes the following 1. During 2025, the company repaid $35,000 of long-term notes payable 2. During 2025, the company borrowed $28,000 on a new long-term note payable Based on the above information only, what amount of net cash flow would be shown in the financing section of the statement of cash flows? $3,000 2,600 (7,000) $(1,400)

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter15: Statement Of Cash Flows

Section: Chapter Questions

Problem 3PA

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