Question: Oklahoma Corp. uses the indirect method to prepare its statement of cash flows. Refer to the following information for 2018: 1. Long-Term Notes Payable, beginning
Oklahoma Corp. uses the indirect method to prepare its statement of cash flows. Refer to the following information for 2018: 1. Long-Term Notes Payable, beginning balance, $80,000 2. Long-Term Notes Payable, ending balance, $73,000 3. Common Stock, beginning balance $3,300 4. Common Stock, ending balance. $30,000 5. Retained Eamings, beginning balance, $77,000 6. Retained Earnings, ending balance, $119,000 7. Treasury Stock, beginning balance. $5.700 8. Treasury Stock, ending balance, $10,300 9. No stock was retired. 10. No treasury stock was sold. 11. During 2018, the company repaid $35,000 of long-term notes payable 12. During 2018, the company borrowed $28,000 on now long-term notou payable O A $12,100 OB (57.000) OC. $22,100 OD $5.100 Oklahoma Corp. uses the indirect method to prepare its statement of cash flows. Refer to the following information for 2018: 1. Long-Term Notes Payable, beginning balance, $80,000 2. Long-Term Notes Payable, ending balance, $73,000 3. Common Stock, beginning balance $3,300 4. Common Stock, ending balance. $30,000 5. Retained Eamings, beginning balance, $77,000 6. Retained Earnings, ending balance, $119,000 7. Treasury Stock, beginning balance. $5.700 8. Treasury Stock, ending balance, $10,300 9. No stock was retired. 10. No treasury stock was sold. 11. During 2018, the company repaid $35,000 of long-term notes payable 12. During 2018, the company borrowed $28,000 on now long-term notou payable O A $12,100 OB (57.000) OC. $22,100 OD $5.100
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