Business, 14.04.2020 04:29 lailai432

Oklahoma Corp. uses the indirect method to prepare its statement of cash flows. Refer to the following information for 2018:
1. Long-Term Notes Payable, beginning balance, $83,000
2. Long-Term Notes Payable, ending balance, $75,000
3. Common Stock, beginning balance, $3,000
4. Common Stock, ending balance, $26,000
5. Retained Earnings, beginning balance, $78,000
6. Retained Earnings, ending balance, $118,000
7. Treasury Stock, beginning balance, $5,700
8. Treasury Stock, ending balance, $10,500
9. No stock was retired.
10. No treasury stock was sold.
11. During 2018, the company repaid $38,000 of long-term notes payable.
12. During 2018, the company borrowed $30,000 on new long-term notes payable.
O A. $1,200
O B. ($8,000)
O c. $18,200
OD. $9,200

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Oklahoma Corp. uses the indirect method to prepare its statement of cash flows. Refer to the followi...

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