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Black Corporation entered into the following transactions: 15 The accrual of wages and salaries...

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Accounting

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Black Corporation entered into the following transactions: 15 The accrual of wages and salaries expense. The cash sale of equipment for a loss. . The cash payment in advance for a one-year insurance policy. Which of the following statements is correct with respect to determining Black's cash flows from operating activities on the statement of cash flows? Multiple Choice The accrual of wages and salaries expense resulted in a cash outflow. O O The purchase of a one-year insurance policy resulted in a cash inflow. O The cash sale of equipment for a loss resulted in a cash inflow. O The accrual of wages and the equipment loss both resulted in cash outflows. Alden Trucking Company is replacing part of its fleet of trucks by purchasing them under a note agreement with Kenworthy on January 1, 2019. Alden financed $37,908.000, and the note agreement will require $10 million in annual payments starting on December 31, 2019 and continuing for a total of four more years (final payment December 31, 2023). Kenworthy will charge Alden Trucking Company the market interest rate of 10% compounded annually The amount of principal that is paid at December 31, 2019 is: Multiple Choice $12.790,800. O o $6,209,200 $5,000,000 $10.000.000

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