Question: Gadgetronics paid $2,000 interest on short-term Notes payable, $10,000 interest on long-term bonds, and $6,000 in dividends on its common stock. Acme would report cash
Gadgetronics paid $2,000 interest on short-term Notes payable, $10,000 interest on long-term bonds, and $6,000 in dividends on its common stock. Acme would report cash flows from activities as follows: Operating, $18,000; financing, $0 Operating, $12,000; financing, $6,000 Operating, $ 16,000; financing, $2,000 Operating, $0; financing, $18,000
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