Question
During the year, Next Tec Corp. had the following cash flows: receipt from customers, $15,000;…
Expert Answer
Question:
During the year, Next Tec Corp. had the following cash flows: receipt from customers, $15,000; receipt from the bank for long-term borrowing, $7,300; payment to suppliers, $5,100; payment of dividends, $1,200, payment to workers, $2,300; and payment for machinery, $9,000.
What amount would be reported for financing cash flows on the Statement of Cash Flows?
a. $5,100
b. $7,300
c. $6,100
d. ($9,000)
Financing Activities
Financing activities in
