We appreciate your visit to During the year Next Tec Corporation had the following cash flows Receipt from customers 20 000 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 :
The amount reported for net financing cash inflows (outflows) in the statement of cash flows is $5,000 (option c).
In the statement of cash flows, the net financing cash inflows (outflows) represent the total cash received or paid for financing activities during a specified period.
To calculate the net financing cash inflows (outflows), we need to consider the cash flows related to financing activities, which include the receipt from the bank for long-term borrowing and the payment of dividends.
According to the information given, the receipt from the bank for long-term borrowing is $6,600, and the payment of dividends is $1,600.
To determine the net financing cash inflows (outflows), we subtract the payment of dividends from the receipt from the bank for long-term borrowing:
$6,600 - $1,600 = $5,000
Therefore, the amount reported for net financing cash inflows (outflows) in the statement of cash flows is $5,000 (option c).
Know more about cash inflow:
https://brainly.in/question/7219553
#SPJ11
Thanks for taking the time to read During the year Next Tec Corporation had the following cash flows Receipt from customers 20 000 Receipt from the bank for long term borrowing 6. We hope the insights shared have been valuable and enhanced your understanding of the topic. Don�t hesitate to browse our website for more informative and engaging content!
- Why do Businesses Exist Why does Starbucks Exist What Service does Starbucks Provide Really what is their product.
- The pattern of numbers below is an arithmetic sequence tex 14 24 34 44 54 ldots tex Which statement describes the recursive function used to..
- Morgan felt the need to streamline Edison Electric What changes did Morgan make.
Rewritten by : Barada
