Henrique, Inc. is a retail company that sells computers. Henrique, Inc. Pays $23,000 to purchase inventory...
Henrique, Inc. is a retail company that sells computers.
Henrique, Inc. Pays $23,000 to purchase inventory for cash.
It also buys a truck and pays $52,000.
It pays $24,000 on a long-term liability and $11,000 in cash dividends.
On a statement of cash flows, what should be listed as the cash outflow in connection with financing activities?
Homework Answers
Ans $ -35000
CASH FLOW FROM FINANCING ACTIVITIES = PAYMENT OF LONG TERM LIABILITY + PAYMENT OF CASH DIVIDEND
= - 24000 - 11000
= $ - 35,000
INVENTORY IS A PART OF OPERATING ACTIVITY
PURCHASE OF TRUCK IS INVESTING ACTIVITY
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