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zloy xaker [14]
1 year ago
4

FILL IN THE BLANK. starfish shells had a beginning balance in notes payable of $35,000 and an ending balance of $40,000. this wi

ll be reported as___on the statement of cash flows.
Business
1 answer:
Luden [163]1 year ago
4 0

starfish shells had a beginning balance in notes payable of $35,000 and an ending balance of $40,000. this will be reported as an increase of five thousand million dollars debited from the financing activities on the statement of cash flows.

What are Financing activities?

Financing activities are transactions that take place between a company and its lenders and owners in order to acquire or return resources. In other words, financing activities help to fund the company, repay lenders, and provide a return on investment to owners. It is a short-term and long-term debt borrowing and repayment This activity includes principal payments to lenders and vendors, as well as the cost of issuing debt. Interest payments are operational rather than financial activities. All other purchases, including operating leases, are also considered operating activities. Cash flow from financing activities only tracks cash-related financing activities. One example of a non-cash financing activity is a landowner donating a plot of land.

To Know more about Financing activities check out:

brainly.com/question/14441404

#SPJ4

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<h3>What is the Affordable Care Act?</h3>

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The Act covers provision of health insurance to people that is not currently covered and to lower the costs in all of U.S. health care system.

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See full options below

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4 years ago
What if The Biscuit Bakery was a corporation? Suppose Mrs. Meadows is the CEO, but does not own any stock in the company. The Bi
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Correct option is (C)

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