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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: 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) 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?

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Definitions:

GABA

Gamma-Aminobutyric Acid (GABA) is a neurotransmitter in the brain that plays a key role in regulating nerve cell activity and is involved in reducing neuronal excitability throughout the nervous system.

Inhibitory Neurotransmitter

A type of neurotransmitter that decreases the likelihood that the neuron it acts upon will fire an action potential.

Voluntary Movements

Movements that are consciously controlled and directed by the individual, typically involving skeletal muscles.

Intestinal Activity

The physical functions and movements of the intestine, including digestion, absorption, and motility.

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