Question: when preparing its statement of cash flows, Simon says game Inc. reported net income of $88,000 a decreased and accounts or savable of $24,300, an
when preparing its statement of cash flows, Simon says game Inc. reported net income of $88,000 a decreased and accounts or savable of $24,300, an increase in mortgage note payable $429,000, and an increase in depreciation expense of $25,200. The financing activities section of the statement of cash flows would show net cash flows of ...
a. ($340,100)
b. $429,000
c. ($341,000)
d. ($429,000)
and an increase in depreciation expense of $25,200. The Financing Activities section of the statement of cash fows would show net cash fows of a $(340,100). b. $429,000, c. $(341,000). d. 5(429,000)
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