Help Seve During the year, Next Tec Corp had the following cash flows recelpt from customers, $10,000, receipt from the bank for long-term borrowing, $6,000, payment to supplers, $5,000, payment of dividends, $1,000, payment to workers, $2.000, and payment for machinery. $8.000. What amount would be reported for net financing cash flows in the statement of cash flows? Multiple Choice $5.000. $2.000 $6.000. $8,000) O O O O

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter4: The Adjustment Process
Section: Chapter Questions
Problem 2PB: To demonstrate the difference between cash account activity and accrual basis profits (net income),...
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suppliers, $5,00o.
nt of dividends, $1,000; payment to
Multiple Choice
20
Transcribed Image Text:suppliers, $5,00o. nt of dividends, $1,000; payment to Multiple Choice 20
19
Mary's Music Store reported net Income of $135,000. Beginning balances in Accounts Receivable and Accounts Payable were $29,000 and $26,000, respectively Ending balances in these accounts were $30,000 and $24,000, respectively Assuming that all relevant
Information has been presented, Mary's net cash flows from operating activities would be:
Multiple Choice
eBook
$132,000.
$134,000.
$136.000
$138,000.
Transcribed Image Text:19 Mary's Music Store reported net Income of $135,000. Beginning balances in Accounts Receivable and Accounts Payable were $29,000 and $26,000, respectively Ending balances in these accounts were $30,000 and $24,000, respectively Assuming that all relevant Information has been presented, Mary's net cash flows from operating activities would be: Multiple Choice eBook $132,000. $134,000. $136.000 $138,000.
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