Question: Here is selected financial statement data regarding a company's long-term notes payable. Balance Sheet: Dec. 31, 2018 Dec. 31, 2017 Notes payable $ 44,000,000 $
Here is selected financial statement data regarding a company's long-term notes payable.
| Balance Sheet: | Dec. 31, 2018 | Dec. 31, 2017 | |
| Notes payable | $ 44,000,000 | $ 60,000,000 | |
During the year, the company repaid $32,000,000 of outstanding notes payable.
In the statement of cash flows, the financing activities section should show a cash receipt for "Issuances of long-term notes payable" for $........
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
