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 $9,000 2,500 56,000 $67,500 OA. $58,000 OB. $(12,000) OC. $(58,000) OD. $12,000 $6,000 1,300 68,000 $75,300 Increase/(Decrease) $3,000 1,200 (12,000) $(7,800) 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 $23,000 on a new long-term note payable.

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 $9,000 2,500 56,000 $67,500 OA. $58,000 OB. $(12,000) OC. $(58,000) OD. $12,000 $6,000 1,300 68,000 $75,300 Increase/(Decrease) $3,000 1,200 (12,000) $(7,800) 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 $23,000 on a new long-term note payable.

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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