Tritan Company Is Preparing Its Statement of Cash Flows Using

question 48

Multiple Choice

Tritan Company is preparing its statement of cash flows using the indirect method. Refer to the following portion of the comparative balance sheet: Additional information provided by the company includes the following: 1. During 2016, the company repaid $35,000 of long-term notes payable.
2) During 2016, the company borrowed $23,000 on a new note payable.
Based on the above information only, what amount of net cash flow would be shown in the financing section of the statement of cash flows?

• A) $(12,000)
• B) $12,000
• C) $58,000
• D) $(58,000)

Grasp the concept of absolute and relative references in formulas and named ranges.

Recognize the significance of workbook and worksheet protection options for data security.

Know how to manage user interface configurations and user account settings.

Understand the use of comments, notes, and track changes to collaborate on Excel workbooks.

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Definitions:

Utility

In economics, the satisfaction or benefit derived by consumers from consuming a good or service.

Shopping Experience

The totality of a customer's interactions and perceptions about purchasing goods or services at a retail or online store.

Utilitarian

Pertaining to or advocating the philosophy that actions are right if they are useful or for the benefit of a majority.