The payable balance of a mortgage note was paid down to $170,000 at the end of 2018, it was $225,000 at the end of 2017....
The payable balance of a mortgage note was paid down to $170,000 at the end of 2018, it was $225,000 at the end of 2017.
When preparing a statement of cash flows using the indirect method what corresponding entry do you make?
Choose, one section, either addition or subtraction, and one dollar amount.
|
Financing Activities |
||
|
Investing Activities |
||
|
Operating Activities |
||
|
Add |
||
|
Subtract |
||
|
$55,000 |
||
|
$75,000 |
Homework Answers
Liabilities were paid off amounting 55,000 this would have decreased the cash,
Thus the answer is:
Operating activities Subtract $55,000
Add Answer to:
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