Exhibit 12-3
Stalwart Inc.accounting records show the following changes during the company's most recent fiscal year.1.Gain on sale of2.Loss on sale of long-term investments3.Decrease in prepaid expenses4.Increase in accounts receivable5.Decrease in merchandise inventory6.Decrease in wages payable7.Increase in accounts payable8.Payment of cash dividends9.Purchase of machinery10.Payments of principal on bonds payable10.Payments of principal on bonds payable
-Refer to Exhibit 12-3.Which of these would be deducted as part of the cash flows from financing activities
A) 1,2,8,9,10,& 11
B) 8,9,& 10
C) 8 & 10
D) 2,8,9,& 10
E) None of the answer choices is correct.
Correct Answer:
Verified
Q31: The bottom of the statement of cash
Q34: Exhibit 12-1
Ellie Inc.has the following cash flows
Q36: Exhibit 12-4
Manning Company uses the indirect method
Q37: Which of the following is not an
Q38: Exhibit 12-4
Manning Company uses the indirect method
Q40: Exhibit 12-1
Ellie Inc.has the following cash flows
Q42: The following information is from the
Q44: When using the direct method to prepare
Q44: Exhibit 12-4
Manning Company uses the indirect
Q51: Using the direct method,which of the following
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