We appreciate your visit to During the year Next Tec Corporation had the following cash flows Receipt from customers 16 000 Receipt from the bank for long term borrowing 6. This page offers clear insights and highlights the essential aspects of the topic. Our goal is to provide a helpful and engaging learning experience. Explore the content and find the answers you need!
Answer :
Final answer:
The financing cash flows on the Statement of Cash Flows would include the receipt from the bank for long-term borrowing and the payment of dividends, and the total would be $5,300. Therefore, the correct option is A
Explanation:
The financing cash flows on the Statement of Cash Flows would include the receipt from the bank for long-term borrowing and the payment of dividends. In this case, the receipt from the bank for long-term borrowing is $6,500 and the payment of dividends is $1,200. So, the total financing cash flows would be $6,500 - $1,200 = $5,300. Therefore, the correct answer is a. $5,100.
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