Blue Sky Corporation reported on its 2023 Statement of Cash Flows that it paid $78,500 for interest. The company reported $83,200 of Interest Expense on the 2023 Income Statement. The balance in Interest Payable on the 2023 Balance Sheet was $14,300. What was the balance in Interest Payable on the 2022 Balance Sheet? a) $4,700 b) $9,600 c) $14,300 d) $19,000

Use the following excerpts from Fromera Companys financial information to prepare the operating section of the statement of cash flows (direct method) for the year 2018.

In the current year, Harrisburg Corporation had net income of 35,000, a 9,000 decrease in accounts receivable, a 7,000 increase in inventory, an 8,000 increase in salaries payable, a 13,000 decrease in accounts payable, and 10,000 in depreciation expense. Using the indirect method, prepare the operating activities section of its statement of cash flows based on this information.

Use the following excerpts from Swansea Companys financial information to prepare the operating section of the statement of cash flows (direct method) for the year 2018.

Hawk, Inc. reported on its 2022 Statement of Cash Flows that it paid $95,400 for interest. The company reported $107,200 of Interest Expense on the 2022 Income Statement. The balance in Interest Payable on the 2022 Balance Sheet was $16,800. What was the balance in Interest Payable on the 2021 Balance Sheet? a) $5,000 b) $6,400 c) $16,800 d) $27,000 e) Unable to tell from the information given.

What was the balance in interest payable?

What was the balance in interest payable on the 2021 balance sheet for this financial accounting question?

Need correct answer? General Accounting question

Stansfield Corporation had the following activitles In 2020. 4. Collecton of note recelvable $100,000 1. Payment of accounts payable $770,000 2. IssuancE of common stock $250,000 3. Payment of dividends $350,000 6. Purchase of treasury stock $46,000 Compute the amount Stansheld should report as net cash provlded (used) by financing activities In Its 2020 statement of cash flows. (haw ame Net cash V by financing activities $ LINK TO TET

What is the cash ratio of this financial accounting question?