Indigo Corporation is preparing its Statement of Cash Flows for the year ended December 31 using the
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Indigo Corporation is preparing its Statement of Cash Flows for the year ended December 31 using the indirect method and has developed the following data:
Increase in deferred tax liabilities .......... 23,000
Decrease in accounts payable ............ (58,000)
Increase in accrued interest payable .......... 43,000
Interest paid ................... 31,000
Proceeds from issuance of long-term debt ..... 600,000
Increase in capital lease payable .......... 67,000
Payments on long-term debt ...........(49,000)
Purchase of bonds payable ........... 90,000
Based on the information developed above, Indigo would report net cash provided from financing activities of:
A. 551,000
B. 587,000
C. 618,000
D. 677,000
Accounts PayableAccounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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