LARRY'S LOGGING EQUIPMENT, INC.Statement of Cash FlowsFor the Year Ended December 31, Year 3Cash flows from operating activities Cash collected from customersA$24,000 Cash paid to suppliers and employeesB (14,000) Cash paid for other operating activitiesC Unknown Net cash flow from operating activitiesD$ 10,000 Cash flows from investing activities Cash paid to purchase equipment and other assetsE (90,000) Cash received from selling equipment and other assetsF Unknown Net cash flow from (used by) investing activitiesG Unknown Cash flows from financing activities Cash paid on notes payableH (64,000) Cash paid for dividendsI (20,000) Net cash flow from (used by) financing activitiesJ Unknown Net change in cash during the
yearK 74,000 Beginning cash, January 1, Year 3L Unknown Ending cash, December 31, Year 3M 244,000 What amount is represented by letter L in the statement of cash flows?
A. $318,000
B. ($318,000)
C. $170,000
D. ($170,000)
Answer: C
You might also like to view...
The limits of the problem and the degree to which it pervades other units in the organization must be included during the ________ step of the management science process
A) observation B) definition C) solution D) implementation
Which of the following is a recommended practice for picking the right words for business communication?
A. Using slang to make the audience laugh and relax B. Being concise, even if it is at the expense of completeness C. Including all information that the audience may need D. Using passive voice to make statements sound noncommittal
Intellectual property law is the area of the law that includes copyright law, patent law, trademark law, trade secret law, and other branches of related law, such as licensing and unfair competition
Indicate whether the statement is true or false
The performance of an internationally-diversified portfolio may be affected by
A. country selection. B. currency selection. C. stock selection. D. All of the options are correct. E. None of the options are correct.