User Account

All Pages

Determine which is correct for statement of cash flow

Assignment Help Financial Accounting
Reference no: EM132489172

Question 1: During the year, we made a payment of long-term notes payable of $20,000 and borrowed $45,000 on a long-term note payable. Which of the following is correct for our statement of cash flows?

Group of answer choices

Option 1: Net cash used for financing activities is ($25,000).

Option 2: Net cash provided by investing activities is $25,000.

Option 3: Net cash provided by financing activities is $25,000.

Option 4: Net cash used for financing activities is ($45,000).

Reference no: EM132489172

Questions Cloud

Undertaken by the agency were a violation of the act : Which actions undertaken by the agency were a violation of the Act?
What account and amount would credit : The payment date for the cash dividend is June 30. What account and amount would we credit when we record the journal entry on the date of payment?
Describe the relevant facts in determining susan rights : What legal rights does Susan have against John? Describe the relevant facts in determining Susan's rights.
Discuss different parts of the book : Write with clarity and provide brief context when necessary. It is a very good idea to answer the "Journalist's Six Questions" as you read
Determine which is correct for statement of cash flow : Determine Which is correct for statement of cash flow. During the year, we made a payment of long-term notes payable of $20,000
Post the beginning balances and the events to the T-accounts : Delivered goods FOB destination in Event 4. Freight costs of $870 were paid in cash. Post the beginning balances and the events to the T-accounts
Is every transaction involve increase in at least an account : The accrual basis of accounting generally provides a more complete picture of economic reality than the cash basis of accounting.
Question - Computing the Issue Price of a Bond : Question - Computing the Issue Price of a Bond. Franklin Corporation issued a $100,000 bond that matures in five years. At what price was the bond issued
Discuss the potential legal issues : Discuss the potential legal issues (both contract and torn) that may arise in this fact pattern. Indicate whether there is any further information

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd