Business, 19.12.2019 06:31, Carlo1003

Acompany had the following cash flows for the year: (a) purchased land, $60,000 (b) borrowed from a local bank, $100,000 (c) increase in salaries payable, $50,000 (d) issued common stock, $75,000 (e) paid dividends, $20,000 (f) sold equipment, $40,000 (g) increase in accounts receivable, $120,000 what amount would be reported for net financing cash flows in the statement of cash flows?

1) $155,000.
2) ($20,000).
3) $40,000.
4) $70,000.

Answers: 3

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Acompany had the following cash flows for the year: (a) purchased land, $60,000 (b) borrowed from a...