Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. glavine company repaid a bank loan with cash. the

Glavine Company repaid a bank loan with cash. the cash flow from this event should...

50.1K

Verified Solution

Question

Accounting

Glavine Company repaid a bank loan with cash. the cash flow from this event should be shown on the horizontal statement model as follows:

1. a financing activity that decreases cash and decreases liabilities 2.a financing activity that decreases cash, decreases equity, and decreases net income

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

Light emitting diode (LEDs) light bulbs have become required in recent years, but do they make...

Accounting
1.2K views

Reciprocal Method of Support Department Cost Allocation Valron Company has two support departments, Human Resources and...

Biology
1.2K views

Can the same Personal protective equipment be used for the various laser classes Select one...

Basic Math
1.2K views

Write the terms of 4?i=1 f(x1) ?x with x? = 0, x? = 2,...

Accounting
1.2K views

On retiring from an engineering career at the age of 65, Hugh is starting to...

Accounting
1.2K views

On April 1, 2019, Metlock Corp. purchased new machinery for $445500. The machinery has an...

Accounting
1.2K views

Han Company had the following data for the year. What was Han Company's BAD DEBT...

Accounting
1.2K views

a. Depreciation on the company's equipment for the year is computed to be $17,000. b....

Accounting
1.2K views

Use the drop-downs to select the accounts properly included on the balance sheet. The unadjusted...

Accounting
1.2K views

Prepare an income statement and a supporting schedule of cost of goods manufactured for the...

Accounting
1.2K views

Apples Inc just began business and made the following four inventory purchases in June. ...

Finance
1.2K views

Suppose you are the money manager of a $4.37 million investment fund. The fund consists...