During the year, Next Tec Corp. had the following cash flows: receipt from customers, $15,000;…

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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

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