9. Help me selecting the right answer. Thank you Washington Company is preparing its statement of cash flows using the indirect method. Refer to the following portion of the comparative balance sheet:Washington CompanyComparative Balance SheetDecember 31, 2025 and 202420252024Accounts PayableAccrued LiabilitiesLong-term Notes PayableTotal Liabilities$8,0003,00058,000$69,000$5,0001,00064,000$70,000$(64,000)$64,000Increase/(Decrease)$3,0002,000(6,000)$(1,000)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 $29,000 on a new long-term note payable.Based on the above information only, what amount of net cash flow would be shown in the financing section of the statement of cash flows?$(6,000)$6,000

cash flow statement record the three activities transactions that takes place in the business that…

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 $8,000 3,000 58,000 $69,000 $5,000 1,000 64,000 $70,000 Increase/(Decrease) $3,000 2,000 (6,000) $(1,000) 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 $29,000 on a new long-term note payable. Based on the above information only, what amount of net cash flow would be shown in the financing section of the statement of cash flows? O $(6,000) O $6,000 O $(64,000) O $64,000

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 $8,000 3,000 58,000 $69,000 $5,000 1,000 64,000 $70,000 Increase/(Decrease) $3,000 2,000 (6,000) $(1,000) 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 $29,000 on a new long-term note payable. Based on the above information only, what amount of net cash flow would be shown in the financing section of the statement of cash flows? O $(6,000) O $6,000 O $(64,000) O $64,000

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter13: Statement Of Cash Flows

Section: Chapter Questions

Problem 3PA: Statement of cash flowsindirect method The comparative balance sheet of Whitman Co. at December 31,...

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